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

To: Dulane U. Ponder who wrote (13623)	1/15/1998 12:56:00 PM
From: Seyda	Read Replies (2) \| Respond to of 97611

Dulane, re: <<..what do you make of today's action?>> It seems volume is normal and perhaps it may pick up in the afternoon before the close. More interesting however, the daily variance is tight.. The Thursday hi-low trading range for CPQ is very close to 2 dollars (Please, see below list). Today, if we exclude the first hour which is usually aberrant due to the night effect, we have about a 0.50 cents trading range. Here, are the last four Thursday's trading range for CPQ Date....Low........High 1/08....58-5/16....60-3/8 12/18...53-5/16....55-7/16 12/11...56.......58-7/8 12/4....62-7/8...66 As we go along, if a sudden pressure from either the call or put side develops, the "tug of war" supposition will hold. In the case of a peaceful Thursday and Friday (normal volume without big blocks but a tight trading range) one can think that puts or calls are most options plays to settle the price around or little bit above 59 dollars. My two cents. Regards Seyda