Compaq Message Board - Msg: 7279511

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (43491)	1/14/1999 9:12:00 AM
From: Christopher	Read Replies (2) of 97611

Elwood, The Technical Picture for CPQ still look very good. The problem is with the overall market which hit many stocks. CPQ during this time is doing some consolidation. Many shares of CPQ exchanged hands yesterday when the price went all the way down to 42 and came back up. The new investors will hold on to CPQ and will not be selling any time soon. All of this amounts to consolidation. When the market stabilize, I expect CPQ to come back really strong. CPQ has been outperfroming DELL since the begining of October. It has been outperforming S&P 500 as well. To me this means that CPQ has been really strong. Good trading, Christopher

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