Compaq Message Board - Msg: 8950582

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (58086)	4/15/1999 7:06:00 PM
From: QuentR	Read Replies (2) of 97611

El, I-Watch showed strong institutional buying interest today. My estimates off the charts are: before noon 32M buy vs 12M sell, afternoon 23M buy 12M sell. I-Watch reported about 17M of this interest resulted in stock transactions. Buying in the afternoon was at about 23 1/2 consistently. My observations of I-Watch leads me to conclude that when stock supplies are adequate buyers tend to drive prices down and sellers drive prices up. These flucuations over a day are smaller 1/2 to a point on CPQ and the stock appears to drift up or down. Institutional offers tend to drive the stock to value of the offer. Short supply or over supply of the stock really moves the stock. IMO there was probably more buying today again reducing the availability of stock but not enough to make a significant move up. Hopefully we are getting set up for a good day. We are about due for a run up tomorrow by this thinking. This also assumes no more bad news and at least a steady market. Comments are welcome as I continue to evaluate the value of I-Watch. thomsoninvest.net

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