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Technology Stocks : Compaq
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To: Night Writer who wrote (16943)2/6/1998 11:40:00 PM
From: Analog Kid  Read Replies (2) of 97611
 
N.W. The agonizing stock performance since Oct. warrants a cautious stance. We suffered through at least two false starts prior to earnings and the total disregard for extreamly positive news/reports in that time frame has me a bit nervous today. I can easily see the stock back to 31-32 as the market takes profit.

The thing is, assuming institutions are back in this baby in force again and only recently, I wonder how quick they will be willing to jump ship. Remember how much sell pressure there was in the last two months? Perhaps that will be lacking as we move ahead and will keep the stock in a solid base as Satyr states. We certainly have a few things in our favor....Dell earnings and the sudden mad rush back into high tech stocks. Should keep the buyers around for a couple of weeks. JMO of course......DM
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