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

To: werefrog who wrote (8910)	11/13/1997 10:06:00 PM
From: Brian B. Cole	Read Replies (1) \| Respond to of 97611

JIm, Have to concur.. CPQ is a great company... With Hong kong up again tonight.. We should have a nice rally again in the tech sector friday. Would be nice if HWP has great earnings on monday.

To: werefrog who wrote (8910)	11/13/1997 10:15:00 PM
From: FANMAN	Read Replies (2) \| Respond to of 97611

<any stock gaining 4 will be overbought using stocastics> Not true. Cpq's chart showed an OVERSOLD signal today. We have not had a real overbought signal since late Sept. I agree with the rest of your statement...it is very difficult to short a great stock.

To: werefrog who wrote (8910)	11/14/1997 5:03:00 PM
From: Howard Wong	Read Replies (1) \| Respond to of 97611

Jim: I don't really use stochastics to determine long- or intermediate-term trend of the stock. Usually I use trend following to determine the trend and use the INTRA-DAY stochastics to determine where is the entry point. I agree with you that the prices are ultimately driven by earnings. And I also believe the trend of the stocks will also reflect the trend of the EPS. Therefore, both technical and fundamental approaches shall be acceptable. On the fundamental side, CPQ had a record quarter. But the more important was how people reacted to the report. The price of CPQ droped after the report, didn't it? That IS the fundamental reason why PC stocks are not favored any more. -gh PS, chart reference iqc.com