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Technology Stocks : Compaq

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To: marquis103 who wrote (30334)8/14/1998 8:48:00 PM
From: marquis103  Read Replies (1) of 97611
 
Acompora on Rukeyser's show. When asked about his recent remarks, he said that he had predicted that the first half of the year would be strong, and that the second half would be weak. He said he "called this downturn eight months ago". When asked the difference between last Monday and Tuesday, he said that on a TV show Monday, the dow was only down 25 and breadth was okay. Late in the same day the market was dropping, and the blue chips were under pressure. He referred to it as a stealth bear market. He expects downside to 7400 to 7600
Frank Cappiello. Bullish long term. Re-stated that the broad market has been in a Bear market for awhile. Recommends to "Upgrade portfolio". Mentioned banking stocks, T.Rowe price.
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