Compaq Message Board - Msg: 5223128

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Technology Stocks : Compaq

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To: up3up4 who wrote (29400)	7/16/1998 9:32:00 PM
From: rhy	Read Replies (1) of 97611

that spike down yesterday went to 32 1/2. this nice, graceful bounce makes me nervous. the high day-before-yesterday was because a 700k sell was posted at 34 7/16. it went down sharply till closing right after that but jumped back up yesterday at the open to start that spike down. i've heard tell of an "oversold bounce" and since we all are trained to buy on dips, it came back almost as fast. if the big boys cleared their july 32.5 positions then we should go to 35. if not, they will make us pay for it. it seems like the july 35's would be more expensive than 1/8 if the sellers thought that we were really going that high. i saw a posting here where the author said that we were going up to 36 3/8 tomorrow. if that was the case, then cpqgg should be selling for (36 3/8 minus 35) or 1 3/8. its been flat since yesterday morning at the end of that downward spike. it's like the call sellers don't mind that they could lose 1 3/8 per share. what do you think? rhy

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