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

To: Howard Wong who wrote (8848)	11/12/1997 3:21:00 PM
From: Ronald de Castro	Read Replies (5) \| Respond to of 97611

CPQ now down over 3 points. When will it hit rock bottom so i can buy? Any opinions? By the way, what's up with the market today?

To: Howard Wong who wrote (8848)	11/14/1997 10:35:00 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 97611

Howard, Comparing MU with DELL and CPQ is a fallacy in that was caught in the commoditization of its only product, DRAM. On the other hand, CPQ and DELL's products are basically already commoditized. From a charting stadpoint. The chart of MU displays a classic Jessie livermore acceleration channel followed by an exhaustion top and failure on a retry of the top. This is also reminescient of the A/G method chart pattern. From a technical viewpoint I can see your concern but for DELL and CPQ to do the same thing either some fundamentals would have to change or the DOW would have to crash. Jim