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Technology Stocks : Compaq

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To: Kenneth R Miller who wrote (10561)12/9/1997 6:43:00 PM
From: Jorge  Read Replies (1) of 97611
 
Kenneth, If you are wanting to buy more at a better price I would suggest waiting until later this week, possibly by Friday we could see low 60's, upper 50's again....... Yesterday I said I was looking for 10 million volume today with a downslide in price....9 1/2 million was close and down 2 1/8. To me this signals 2-5 more days downside slippage. Since I always defer to the fundamentals when entering/exiting a trade I am not just guessing (well sort of as always is the case) when I say 2-5 more downside days. I think the market is in a consolidation phase at this point---a small downside still for CPQ--then on up to the next level of around $67ish as fears give way to optimism...........George
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