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Technology Stocks : Compaq
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To: Racso who wrote (54267)3/20/1999 2:04:00 PM
From: Jay Durell  Read Replies (2) of 97611
 
According to money flow data from Bloomberg Analytics, IBM is expected to rally on Monday. Two reasons are given 1) triple witching day helped oversell the stock on Friday and 2) More shares were bought in rallies than were sold when the price fell. The AP report also states that a good earnings reports from Nike showing good growth recovery in Asia, as well as Cisco's claim of 50% increase in revenue from Asia this year will show encouraging signs that PC sales will follow suit in this region and help PC companies bottom line.
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