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Technology Stocks : Compaq
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To: D. Swiss who wrote (23907)4/4/1998 5:19:00 PM
From: Eddie Kim  Read Replies (3) of 97611
 
D. Swiss,

1) The completion or near completion of DEC merger.

2) Inventory reduced and streamlined production targets near completion.

3) Very good technical support in low to mid 20's. Also, historically, Jan through March is when CPQ declines.

4) Bullish mood of market and the fact that all bad news is out - hopefully. Slight hint of good news triggers buying.

Just take a look at ORCL. That was at $18 just several months ago. I expect this stock to make new highes by Fall

-Eddie
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