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

To: John Koligman who wrote (9134)	11/18/1997 8:02:00 PM
From: Analog Kid	Read Replies (1) \| Respond to of 97611

You know, there are alot of players out there that trade on gut feels or instincts. I don't believe someone must always have every single fact about a company or crunch every single number about it to make a good investment decision. You put a couple of decades into the market and you'll start believing what experience is telling you......and not the CEO. Obviously Joel and Mark are trading on what they "feel" because other than the market itself, there is absolutely no reason Compaq should do anything but go up for the next several months. However, it has touched these levels more than once in the past few weeks and retreated. It's their bet it will happen again. Who's to say it won't. But steve is right, sooner or later everyone in unison will agree......this company is simply kicking ass right now.

To: John Koligman who wrote (9134)	11/19/1997 12:51:00 AM
From: MarkM	Read Replies (2) \| Respond to of 97611

John: I never heard of Joel Gander and $38 is ridiculous. I say 56 - 59 over next 5 - 8 trading days. My reasoning? ... examine the chart. Charts aren't everything but they are an AUDIT TRAIL OF THE TANGIBLE RESULTS OF EVERYTHING UP TO THE CURRENT MOMENT IN TIME. I know that to complete a picture you need fundamentals, you need market mood and direction, you need to know how much faith there is in a stock, etc. Some of this I have and some I don't, but I can tell you this much: Put a straightedge on the "daily" QUOTE.COM chart for CPQ and you will find that at the angle of descent you get 57.5 (bottom) to 67.5 (top) for the most recent down/up turn, (that is, if you erase it first and put yourself a week and a half back in time ... pretend you're predicting the future). In fact, CPQ went 57.5 - 67+7/8. Not bad huh? I actually predicted this (to myself only) prior to the the rally, whether you believe this or not, but DID I HAVE THE GUTS TO FOLLOW THROUGH WITH WHAT I BELIEVE I SEE? No way! I was in and out 3 or 4 times and didn't obtain the range shown above. This is the hardest thing for me ... to read a chart, know it's true, but then to follow through takes raw guts. I think CPQ's next span will be about 58.5 to 68.5.