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Technology Stocks : Compaq
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To: MIKenn who wrote (12017)12/23/1997 3:14:00 PM
From: Rick Slemmer  Read Replies (3) of 97611
 
Kenneth:

Does this trend mean anything? Is this a "trend?"

Yes and yes. It is a microcosm of the larger downward trend we've seen since early October. People are selling into strength, and you can bet the shorts came out of the woodwork after the favorable mention on CPQ this morning.

Support is at 40, with token support at 50.

For the record, I shorted CPQ at 55.

Good luck!

RS
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