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Technology Stocks : Compaq
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To: Captain Jack who wrote (60178)4/30/1999 4:23:00 PM
From: rupert1  Read Replies (1) of 97611
 
Cpn: I don't agree with all you say (for example I have reasoned that CPQ will get back to and above $55 by the end of this year) nevertheless I do think your main point is a good one. If people were not so fixated on achieving a specific target e.g. $50, and concentrated instead on trading the ranges, they could conceivably make more money when it moved up and down between 20 and 30, than by sitting passively waiting for $50. Of course to trade is to risk missing out every now and again - it is impossible to capture all the possibilities.
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