Compaq Message Board - Msg: 3195881

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Technology Stocks : Compaq

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To: Satyr who wrote (13790)	1/17/1998 8:44:00 PM
From: Analog Kid	Read Replies (1) of 97611

I'm certainly not going to argue with you regarding the charts. Anyone can see that CPQ has been in a bearish mode since Oct. In fact, I don't need a chart to let you know everything that has happened to this stock since then. Problem is when I started buying options on CPQ BACK in Oct. the charts looked great and your argument today would not have held an ounce of water at that time. It boils down to this.....I'm betting it goes up from here because it's been knocked down far enough for long enough. You're betting it won't for the same reason.

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