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

To: Elwood P. Dowd who wrote (91355)	5/22/2001 5:02:28 PM
From: MeDroogies	Read Replies (3) \| Respond to of 97611

Unless (and this is why I sold my June 17.5's today) people decide to pull back and take profits the way you did. 17.5 seems to be the resistance level. If CPQ breaks 18 and holds, you could be right, but I think anyone who has seen a 16% increase in less than 2 weeks is likely to take their gains and run in this market. I watched AOL run from 52 to 58 in the same period...today, just as it began to approach 59, it pulled way back. I think there are more reasons to buy and hold AOL than CPQ, but people are still taking solid gains when they are available. I think tomorrow CPQ could open up, then fall back to 17.