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Technology Stocks : Compaq
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To: S.C. Barnard who wrote (15828)1/31/1998 10:46:00 PM
From: Mike Gordon  Read Replies (1) of 97611
 
CPQ may not be dead money after 1st qtr earnings. Additionally, I'd be curious to see what Dell will announce. Positive earning by either will move them up, but IMHO, too many external forces could establish a limit of 32 to 35.

Quality of both Dell and CPQ 1st qtr earnings,
Monica Misery and the White House,
Saddam and his mischief,
Market influencing factors still unknown.

Any of these external factors create excellent buying opportunities for equities which have a strong upward trend.

Bottom line, as long as CPQ stays between $27.5 and $35, I'll continue to sell CC and back them with short puts if I loose the stock.

Mike Gordon
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