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Technology Stocks : Compaq
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To: Jimbo Cobb who wrote (12241)12/29/1997 2:27:00 PM
From: Tom Latham  Read Replies (1) of 97611
 
Mark if it drops another 10 it proves this whole market is in a paranoid state. Never has there been this much tax selling in the same time frame as the ASIAN fears and fund managers at this time of year are proving both greed to lock in the big check and stupidity.
I spect that CPQ will open up one of these morning up 4 or 5 and in the few days following that go another 10 up. When it moves it will be hard to catch. Believe that 42 price if you want, but if it starts to move and gets over 55 1/2 its heading high and fast.
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