Compaq Message Board - Msg: 3368464

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Technology Stocks : Compaq

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To: Dulane U. Ponder who wrote (16842)	2/7/1998 2:31:00 PM
From: Seyda	Read Replies (1) of 97611

Dulane, re: Market reaction... I am sorry for my late response.. I think the market will sustain the current out-look (bullish but highly volatile) as the money keep coming into the funds. The money flow will traditionally slow down around April. Exogenous (and market) factors may then play out a stronger role resulting longer runs of down days. The flow of money for the last three weeks of January is over 10 billion which is in par with the bullish sentiment (From CNBC). The Russell's move over the last month is also in line with this observation. It was at the late Oct levels on Jan 9. Since then, it has made a nice run from 400's to 445. As an indicator of risky side of the equity market, I keep an eye on the Russell 2000 and 3000. For the short term players I want to point to the increased activity on CPQs Feb, March, April puts. Of course, the question is how much of these are protective. No one knows. Nevertheless, with the good current volume CPQ will improve its base further. Just my MHO Regards. Seyda

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