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Technology Stocks : Compaq
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To: rupert1 who wrote (37610)11/26/1998 1:37:00 PM
From: Kenya AA  Read Replies (1) of 97611
 
Hi vepoc,

I believe that adding to your position in CPQ right now would be a waste of time. CPQ is building a beautiful base here right around 34. The base is tight, which is a very good sign - the tighter the base, the more powerful the move when it happens. The question is which way it's going to move when it does. Personally, I think (read hope) it is going to move up strongly. I'm 99% sure that the move will be caused by company specific news either from CPQ or DELL. The reason that I would not be willing to act on that opinion is that DELL is also starting to take a tight base. One of the these stocks is going to take off and the other will plummet. I'm not nimble enough to hop on or off that quickly but the moves, either up or down, will be big and a few points won't matter. The time to buy CPQ will be when it blows out 35 on BIG volume.

All IMHO, of course.

K

PS: Happy Thanksgiving everyone !
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