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


To: Tom Latham who wrote (8875)11/13/1997 7:57:00 AM
From: ed  Read Replies (1) | Respond to of 97611
 
Yesterday's market is very very strange, it seemed someone is manipulating the market, especially CPQ and DELL.
Both CPQ and DELL were up in the first half, it indicated that the
S.E. Asian crisis is no more an issue. But right after GreenSpan announced no rate increase, and market start to go south , and very sharply. It appeared that someone do not want the market to goup as a
result of the news of no rate hike, and want to frighten the small
investors so that there is a chance to cover the big short positions.So, today will be a very very interesting day for CPQ.
Big squeeze is comming !! Any idea what is the open short interest on CPQ.

Intc held pretty well yesterday!This may indicate the bottom is closed!!