Compaq Message Board - Msg: 7900407

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Technology Stocks : Compaq

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To: Roads End who wrote (48794)	2/18/1999 4:39:00 PM
From: Elwood P. Dowd	Read Replies (4) of 97611

Well, I wonder what CPQ's excuse will be tomorrow for being down??? Friday profit taking? Nah, nobody who bought it this week has a profit. How about down because it's tied too closely to MSFT and it goes down in sympathy....or was that today's excuse? Maybe it'll be more of the same "DELL weakness," pc sales down, but wasn't DELL up today? Maybe it'll be CPQ has established a down trend and all the tea leaves are saying it's going lower, so selling will beget selling and it will feed on it's own weakness. WHO KNOWS, but I'm betting we go into the 30s tomorrow and stay there for a while. Anyone else have thought on what will be the reason that CPigQ will be down tomorrow? Anyone out there think this hog can rebound tomorrow and if so, will it be a dead cat bounce before going lower. Christopher or anyone care to comment on the technical damage that has been done? What is our new support and resistance??? El

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