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Technology Stocks : Compaq
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To: Andretti who wrote (28727)7/9/1998 12:15:00 PM
From: Uncle Frank  Read Replies (2) of 97611
 
>Hope you're right about the 34+ by earnings too!

??? Am I missing something? Consesus earnings are ZERO, and there is a huge payment upcoming for the DEC consolidation. We hit 33 in mid May, and bounced off the resistance level, and probably will again.

Imho, we are drafting the Summer Rally and the Internet Insanity, but don't have the horsepower for a sustained run. Got to tune the fundamentals before the new BIG (cpq+tdm+dec) Compaq can roll.

If we break 33, I'll change my opinion (and be very happy!)

Frank
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