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Technology Stocks : Compaq
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To: Racso who wrote (55219)3/30/1999 2:34:00 PM
From: Kenya AA  Read Replies (1) of 97611
 
Thanks Racso. CPQ is now starting it's 5th week of basing. A "relatively solid" base is considered to be a minimum of 5 weeks - 7 is desirable. Although the DELL meeting could provide a catalyst for a CPQ breakout(at 34), I hope that won't happen. I would rather see a longer base and a breakout at earnings time - INTC's earnings report may do it.

K

BTW, just for a point of reference, INTC is basing as well (115-125) - exact same time frame as CPQ. These two stocks still move in tandem. INTC will trade split-adjusted on the 12th.
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