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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: David Weis who wrote (28217)	11/11/1997 11:41:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 58727

For anyone playing the drillers and CPQ or TXN, tickertapedigest.com Texas Instruments (TXN) lost 4 to 108 3/4. Its off 33 3/4-points from its peak set on Oct. 13. Tape Action - Weak. TXN has been clobbered, but the tape action does not reflect that. Instead, TTD is picking up modest accumulation at times. It should remain volatile. ************** Compaq Computer (CPQ) dropped 3 1/4 to 61 1/8. It cut prices on its Armada 7300 and 7700 computers 5% to 24%. The Street is forecasting a 22% rise in fourth quarter net, a slowdown in growth from the 51% and 48% gains the prior two quarters. Tape Action - Bearish. CPQ breaks down with heavy down tick volume. The stock traded 9 million shares with down tick volume of 1.6 million shares. Stock should go lower near-term **************** Tidewater (TDW) moved up 1 3/4 to 67 7/8. The Street projects earnings will climb 35% this year and 22% next year. Tape Action - Fair. TDW shows only small up tick volume. The stock looks like it is tiring. TTD expects a consolidation. ******************** Transocean Offshore (RIG) gained 1 7/8 to 59 5/8. Analysts expect a 41% increase in earnings this year and a 100% jump next year. Tape Action - Good. RIG remains in an uptrend and today emerges from a small base. The stock is acting very well.