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Technology Stocks : Compaq
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To: Skipper who wrote (12772)1/5/1998 10:14:00 PM
From: Jorge   of 97611
 
Skipper......My thoughts too.....I was hoping to pick some up today at 58 but missed it......Like you said, after the steep rise in price I think there will be up to an 8% correction (usual, normal amount after a steep rise) where a retracement to 57/58 would be about right.....This pullback would be normal, not like the plummeting, on higher and higher volume as in the 'correction' we had the last couple months.......If I don't pick up more at 58, 60 or 61 is still in the lower 1/3 of the move I expect CPQ to make over the next few weeks.........George
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