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Technology Stocks : Compaq
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To: MIKenn who wrote (16559)2/4/1998 1:48:00 PM
From: Satyr  Read Replies (2) of 97611
 
Time to stick my neck out again. I think we are at the top of the recent up channel that started back in December. I don't think that CPQ can maintain this upward momentum. I bought at 32 7/8 on the pullback this morning and have now sold out at 34 1/4. This stock will go higher but my guess is that we will see some form of significant pullback first. Please look at the daily chart and see if you can see the channel I'm talking about.
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