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

To: Analog Kid who wrote (16956)	2/7/1998 6:34:00 AM
From: WeisbrichA	Read Replies (2) \| Respond to of 97611

IMO; Nervous,nervous, nervous. I just did protective put on CPQ. Too much uncertainty with Sadam and clinton. RW

To: Analog Kid who wrote (16956)	2/7/1998 11:20:00 AM
From: SDNA	Read Replies (2) \| Respond to of 97611

A lot of put buying can be a sign of a lot of new positions in CPQ, and the owners of those are hedging against a fall in the price after such a run-up (about 17% this week only), (I did that myself this week). We're currently above the 10/50/100/200 DMA (Daily Moving Average) lines, and for the first time since Oct/Nov 97, the 50 DMA is moving up, and crossed over the 100 DMA on monday with heavy volume, together with the 10 DMA above the 50 DMA and moving up. All of those DMAs current directions and positions indicate an appreciation in stock price to come sooner rather than later, unless market conditions turn otherwise negative, or we get a major upset from DELL on the 18th (of this month), which I doubt. We should be moving up from here...with some down days of course, but it looks like a new high within a couple of weeks, or three weeks is not far from reality. All of that is IMHO, and it's the reason I established a long position in CPQ (Again) this week, on Tuesday. Let's see how things develop. Good day all. SAM!