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


To: D.J.Smyth who wrote (9602)11/25/1997 5:25:00 PM
From: Richie  Read Replies (1) | Respond to of 97611
 
Finally!
A piece of good news!
Isn't amazing, great earnings, stock split...
and boom, it goes down....
virtually the same announcement by DELL and it goes up a little.
Now, i know the market conditions are a little better than
when CPQ announced, but, come on....
they haven't done anything except positive things....
who can be selling at these levels?
Only one explanation, i agree with steve, institutional selling...
to lock in profits for the year....probaly 100% on this stock...
hopefully, this piece of news will get us started in the right
direction.
I was watching the bid and ask blocks this morning.....and there were
a lot of 25-50K blocks on the sell side....
hope this turns the tide!

RichieH