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Technology Stocks : Compaq
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To: Richie who wrote (46464)2/1/1999 9:35:00 AM
From: Kenya AA  Read Replies (1) of 97611
 
Richie: Yes, the Prosignia sales figures was the news. We'll probably go sideways today - good news on sales/bad news on downgrade. Really too early to tell, but I think we could be ready to put in another base here 47-48. We haven't had a proper one since the 34 base. We reached the 50+ area at earnings and then sold off the 3-4 points, as I predicted <ggggg> a few weeks ago. I said I thought that the market would be in a downward consolidation phase about now, but I think that the short downdraft we had week before last was "it." We go higher now.

JMO

K
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