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Technology Stocks : Compaq

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To: Jimbo Cobb who wrote (34362)10/8/1998 11:25:00 PM
From: Night Writer  Read Replies (2) of 97611
 
If not today, HOW MUCH LOWER ?? Today was not the bottom. Hang on for the ride. The roller coaster is in free fall. No trader is going to let his money set in the market this week end. A lot of individuals that don't trade are going to get out. MM are going to continue selling into any rallies. That is my sense of the situation. It will be a good day for long term bottom feeders that are in presently in cash.

CPQ bottom-- Depends on earnings and market could go to teens if they disappoint and market continues down. Could be back to 30 with good earnings, good CC, and some market recovery.

NASDAQ bottom-- I have spent the evening reading investment news. None of it looks good. We have not seen the bottom. I have no idea about NASDAQ. Some analyst are saying 6500 DOW if we don't stop at 7400. Even Abbey Cohen has turned away from the market today.
NW
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