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

To: PCSS who wrote (84883)	9/25/2000 12:39:21 AM
From: Night Writer	Respond to of 97611

Michael, Amatuer TA time was cancelled for a while. CPQ was basing with support at 31, and 30 areas and resistance at the $35 area. Support in a down trend is at the 28 area. Support at 30 was holding until the minor INTC panic. Support at the 28 area was tested and held. CPQ needs to quickly rebound back above 30 before it becomes a resistance point. If it does this quickly, 30 will continue to be the major basing support area. It is ironic that the 4 DMA appeared about to cross the 9 DMA and signal a buy alert the next day on Aug 20. INTC announced their warning that evening. CPQ got hit in the after hours market and on Aug 21. The day of the INTC panic. I bought the CPQ Nov 32 1/2 calls for 13/16 while the selling was strong on August 22 and the intraday chart showed an early buy signal. So your right I'm still optimistic and it's good to have a fellow optimist back. Although, I have to say El has been pretty optimistic lately. <g> NW