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Technology Stocks : Compaq

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To: JRI who wrote (39572)12/11/1998 9:00:00 AM
From: Kenya AA  Read Replies (2) of 97611
 
Feeling very sad this morning. Got stopped out on my CPQ position yesterday at 39-5/8. I've never had a long term capital gain before - most I've ever held anything was 3 months. I hate when I can't be around on a trading day!

Today's IBD ...

Positive mention of CPQ as a top new buy of highly rated growth and income funds. Brandywine Fund Family took a new position of 8.1 mil. shares.

As for the market in general, IBD TA guys are extremely worried now. Dow's 200 MVA is just below 8800 - if we breach that on a closing basis, it's bad news. NYSE A/D line is heading south.

K
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