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Technology Stocks : Compaq

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To: Richie who wrote (40526)12/20/1998 5:15:00 PM
From: Night Writer  Read Replies (1) of 97611
 
Done. Hope HAL gives us a TA reading without turning off our life support systems. <GGG>
NW

HAL, or Larry Dudash,
Can you take a look at Comapaq (CPQ) and give us a TA opinion on the Compaq thread. It hit an all time high Friday. We think it might hit 50+ with a solid earnings report in January. It is coming back from excess channel inventory in first quarter, and DEC purchase with big write offs. CPQ has not warned the street on earnings. We are not looking for long term read on the stock. We are trying to determine if a pull back is in order. Many CPQ Bulls are looking to pick up additional shares on a possible pull back. We don't have any Bears or real TA folks on the thread. Any thoughts you would be willing to share would be appreciated.
Thank you,
Night Writer
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