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

To: Captain Jack who wrote (65275)	7/17/1999 5:08:00 PM
From: Christopher	Read Replies (1) \| Respond to of 97611

Captain, If you are a short term trader like I am then I would sell CPQ if it closes below 27 and buy it back if it closes again above 27. This way you keep your losses to a minimum. If you are a long term investor then I would not worry much if it closes below 27. CPQ has finished a steep bear market and has started a bull market. The fact that CPQ is close to 27 in not negative at all at this point. Stocks usually retest their support line like CPQ is doing now with 27. The important thing is that CPQ did not pull back toward 27 on heavy volume. That means there is not much selling at this point. If it pulled back to 27 on heavy volume then that would be negative and would mean many people are selling at 27. CPQ will probably stay near 27 for several days and either shoots away from it or close below. So far the picture is positive but as you know anything is subject to change. If CPQ stays above 27 then it will absorb all the overhead resistance and continue its advance. The fact that DELL and Gateway are very strong support the opinion that CPQ will continue its advance. Good trading, Christopher