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Technology Stocks : Compaq

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To: Shawn Donahue who wrote (30096)7/30/1998 10:54:00 PM
From: H.W.Melle  Read Replies (3) of 97611
 
Shawn

>>> OT<<<<
Very nicely put -- short and to the point (compared to Starr's 200 -300 page report) This is the first president in my adult life that I could not stand to listen to. I do not believe a word he says---- "Never Inhaled" Give me a break. Don't forget about his character as well -- self admitted "Draft Dodger" . Didn't he go to Russia to get out of it??? No need to answer--rhetorical question only. Facts are out there on this guy's character. Where there is this much smoke there has to be a fire. To those that whine "but think of what it will do to our economy if he goes down (pun intended)"--- I say --- That is why this country has been having the morality issues that it has -- You are willing to compromise your morality and truths for the almighty dollar.

OK enough of my soap box. Thanks for reading this far.

------------------Now On Topic----------
This is what I recently posted on Yahoo Thread:

It definitely was a nice day today 2+ points it's almost as if we were an internet stock.

Re: AltaVista -- I also use Yahoo almost exclusively -- but if a search does not return my desired results -- Alta Vista almost always gets me in the ballpark. Being a shareholder/trader of CPQ I too would switch immediately to AV if they were to make the user interface more friendly -- Yahoo has everyone beat -- but golly gee whiz not to the tune of 9+billion????? AltaVista has been languishing in dark forgotten hole in DEC for too long. Would rather CPQ held on to it and use it to leverage their position in sales and service.

Re: CPQ entry point -- IMHO -the charts indicate it could possibly break thru the previous high of ~35 intraday. It would need to do that in order to maintain the upward trend. According to my interpretations of the overbought indicators it still has room to make that move in this run. Whether it has enough momentum to break through ~36 1/2 resistance will remain to be seen if we get past 35. If you plot out the trend lines and use the historical time period of these runs you could interpolate that if the uptrend continues the next pullback would be to the 32.5 - 33.5 level. As I have previously stated these are just my interpretations of the charts. Any relevant comments agree/disagree would be appreciated.

Good Luck To All

Horst
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