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Technology Stocks : Compaq
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To: PCSS who wrote (30503)8/6/1998 5:14:00 PM
From: Pakman2000  Read Replies (2) of 97611
 
As I said earlier, when CPQ moves it will do so rather quickly. CPQ is heavily shorted and many, especially, in this market will buy to cover their open positions. A smart thing to do at this point since the worst times seem to be behind CPQ. I really think the 40's will be a flash in the pan. I think CPQ will find a home in the 50's until we get a better understanding of what all these recent changes and acquisitions mean to us. Anyone remeber T last summer....trading forever in the low 30's. Before they knew it......50's.
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