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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (31375)8/20/1998 10:26:00 PM
From: MarkM  Read Replies (1) of 97611
 
El: Since you're so full of wisdom, here's a story for you. Last week I made $17 on CPQ by selling, then buying back at a lower price (I did it in a sloppy way). $17 bucks!!! Big deal!!!

This week I pulled another bonehead move. When CPQ hit $36 on the way up to $38.5 I thought it was definitely at a very high high, so I sold at $36+1/16. It then went to $38.5 of course. But no fear, the charts say CPQ goes back to the center of the bollinger bands at $35, so I patiently wait. Placed a buy order for $35 in anticipation. Market opens. CPQ opens at $35+1/16 and moves up! Now I have decided to go to the Annual boneheads convention. I bought back at $35.75, so after commissions I'm up $67 US (in a reverse sort of way). Fine move. Nice lunch, but NO RANCH YET!?!?!?! Why do I do it??? Keeps my mind active. Prevents altzeimers.

The end.
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