Compaq Message Board - Msg: 6585509

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Technology Stocks : Compaq

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To: rupert1 who wrote (37640)	11/27/1998 12:39:00 PM
From: Pruguy	Read Replies (1) of 97611

this is a classic example of why technical research is not a bible and just a supplement to fundamental analysis. From a chartist angle WMX and CPQ may look similar in the short term. That is where the similarities end. I can't think of one comparison regarding the waste industry and the technology industry. On another matter, Dorsey gave us a glimpse of why he is a technician and not a fundamental analyst. The computer industry is not mature. It is growing in the high double digits. Not mature in any sense. I didn't see the interview, but the quotes attributed to him would make him sound very uninformed and not qualified to give investment advise. Finally, why would a trader not buy a stock in a trading range of 34-38 when it is 34 3/8. My school of technical trading says this is where you buy and then sell near 38. I think Dorsey may have been better staying home today

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