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Technology Stocks : Compaq
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To: JPolo36 who wrote (20600)3/8/1998 1:17:00 AM
From: Hector  Read Replies (1) of 97611
 
I predict CPQ will open around 24, rally up 2 points, and then
continue back down into the high teens as those people who bought
on the dip last week will sell out. My read on what is happening is that money managers are starting to have doubts about the wisdom of
being long tech stocks in this kind of manic market. They'll want
to contain the losses they are sitting on. Additionally, the dipsters on this thread, who will be buying after the open, will want
out at any price after the price starts heading down again below their purchase price. I guess what I'm saying is that "selling will beget selling" next week, not only in CPQ, but in most other stocks also.

Dave
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