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Technology Stocks : Compaq

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To: Night Writer who wrote (45397)1/26/1999 4:27:00 PM
From: PCSS  Read Replies (3) of 97611
 
Some more Michael thinkings:

CPQ has run-up over the last few weeks from the mid 30s to high 40s on the AV speculation

CPQ pulled back from 50 for profit taking and back filling

CPQ actually announced AV spin-off with little detail today and the knee-jerk reaction was a 2 1/2 pt run-up

The BIG ones had their opportunity to run away from CPQ over earnings worries with LARGE profits during the day today.

The BIG ones DIDN'T sell-off and take profits ..... as well we know they are capable of .... remember last year (ugh)

Therefore ...... we should be in excellent stead for tomorrow.

A $.42+ earnings release and CPQ is off to the race

IMO, the 2 1/2 pt gain today is actually great earnings expectations ....the AV thingy was NOT worth 2+ pts .... it will be when it happens (not just announced) and the AV company (including content providers) is real ... then we'll get BIG pop (and hopefully stock)

Rambling Crown-Royal'd Michael
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