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Technology Stocks : Compaq
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To: Howard Feinstein who wrote (54804)3/25/1999 9:55:00 AM
From: PCSS  Read Replies (2) of 97611
 
I've noticed that everyday in the first 45 min approx. 2+ mill shares are bought on UPticks of sometimes as much as 1 point (as today) .... then normally after this initial rush CPQ retreats about 1/2 the gain before it settles into a 'normal' trading pattern.

This leap UP, then retreat seems to happen most days.

What is the logic, strategy or thinking for this to occur ?? ... I would think that these BIG buyers would understand CPQ's early-day pattern and wait until it settles down to buy

Michael
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