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Technology Stocks : Compaq
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To: elepet who wrote (57405)4/13/1999 9:37:00 AM
From: JDN  Read Replies (1) of 97611
 
Dear elepet: I dont know, but I SUSPECT it is short term traders looking for a "Dead Cat" bounce back to about 28 maybe 30. Reason? Well, CPQ probably overstated the decline in earnings by a couple cents (that is not unusual in these cases) and when earnings finally released stock could take a bounce up. BUT, IMHO this stock has been wrecked and it will be some time (if ever) we see it moving strongly above 30. JDN
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