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Technology Stocks : Compaq

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To: Tom Latham who wrote (13635)1/15/1998 4:23:00 PM
From: Satyr  Read Replies (2) of 97611
 
Hey enough with the conspiracy theories. Cpq is in a bear market. It has been for months. It's a great stock and eventually it will resume it's upward momentum but right now selling the rallies is what you should do. It challanged the trend line again this AM and failed. It's below it's 50 day moving avg which is right above the trendline. If CPQ gets above 60 1/2 it will both break the trend and go above it's MA. But i still wonder what makes CPQ worth 60 on expected earnings of 3.42 when last year it was trading at 30 to 35 with earnings of 2.69. Perhaps that's why it's having so much trouble???
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