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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (41459)12/28/1998 12:55:00 PM
From: Kenya AA   of 97611
 
El: I sold 1/2 of my CPQ position on 12/8 for 42 and 1/4 for 41-3/4 for a 2-3/8 point and 2/1/8 point gain respectively. I got stopped out on the other 1/4 on the 10th for no profit. You've been listening to victor too much (who, by the way, sold on the same day I did and also still thinks CPQ has upside potential). Yes, after holding for more than 14 months - not much of a profit. I have stated previously that I took up TA after getting stuck with CPQ and have learned a lot about when to buy and sell stocks since that time. I didn't do badly before learning TA (I had traded CPQ more than 20 times without a single loss), but I realised that it was pretty much dumb luck. Now my aim is to ride stocks up when they're moving up and get out when they start to base because it's just dead money then - money that I can use to buy something else that is moving. CPQ did its 20% from 35 to 42, just like I said it would - now it's basing again so most of my money is in other things right now. When Cpq starts to move again, I'll be back in with both feet.

K
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