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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: DRRISK who wrote (63199)6/16/1999 9:48:00 AM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
Turning Point today June 15, 1999
by: unseek
80065 of 80100
CPQ monthly chart finally touched 50 month moving average and held above it. This
event will trigger tons of buying from technical traders with a stop loss at today's low.
If it holds its low for the next two weeks, we are going to see a strong up cycle with a
duration of 9 to 12 months with a target of $45.
Tomorrow's action will tell if this is true.



To: DRRISK who wrote (63199)6/16/1999 9:56:00 AM
From: Captain Jack  Respond to of 97611
 
Doc -- <<"If they can not gain some real momentum shift from here then mgmt is hopeless.">> They need the IR/PR machine pumping on good mkt days and active on slow days. Timing of important releases must be well thought out --- as today was with the CPI. 2 1/2 months and 25 points may not seem like a long time to Rosen but to many it has been an eternity. I asked my broker (at a major firm) what he has been hearing about CPQ today. He said "Nothing, no one talks about them. It is like they dropped off the face of the earth".
Maybe the daytraders volume will get the momentum running and keep it going.