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


To: Night Writer who wrote (74987)1/4/2000 10:59:00 AM
From: PCSS  Read Replies (2) | Respond to of 97611
 
NW,

CPQ definitely has some strong underlying strength.

Once 29 9/16 is broken UP, CPQ should then attack 30 (possibly by 11:15-ish).

The markets & CPQ should do better later in the day.

Michael



To: Night Writer who wrote (74987)1/4/2000 11:18:00 AM
From: The Duke of URLĀ©  Read Replies (2) | Respond to of 97611
 
This is the deal. You have a lot of rocket scientist day traders who know that when the fed raises interest rates, the stock market goes down (for a couple of days, anyway).

The fed is going to raise rates. They need to sop out the half a trillion dollars they injected into the system to preclude the devastating y2K bullsht.

The naz futures were down -87 premarket, this forced the down open.

If CPQ moves up this week, its Kelly bar the doors time.