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

To: xwallst who wrote (17168)	2/10/1998 5:47:00 PM
From: John Koligman	Read Replies (1) \| Respond to of 97611

Hello, just a quick comment on AMAT, they beat estimates today, and management said sales also did not fall as much as the street expected. All in all, from what I can gather so far, the stock should have an up day tommorrow.... John

To: xwallst who wrote (17168)	2/10/1998 6:56:00 PM
From: Mohan Marette	Respond to of 97611

xwallst: I thought the AMAT thing was pretty much know from earlier on, was it not? I think you are right though,it might be a temporary setback. It will be interesting to see what happens in the morning,especially with the NASDAQ runup of 18 points or so I am sure a 'pull-back' seems certain. I wonder where that put CPQ, it didn't 'pull-up' enough to 'pull-back' all that much, also CPQ vol was less than average.Does the vol say anything particular to you? What is it, 'a bit tired', 'base- forming',what?

To: xwallst who wrote (17168)	2/11/1998 1:03:00 AM
From: Eddie Kim	Read Replies (1) \| Respond to of 97611

Don't worry about CPQ. I friend of mine told me recently that the recent run-up in CPQ shares was due to Fidelity buying. In fact he said Fidelity bought 6 million shares at an average price of $36/share. They bought 4 million on one day and 2 million the other. Knowing Fidelity, they expect this stock will be in the $40s, and will continue to purchase shares at these levels. I asked him why the buying has recently slowed down then, and he explained that the firms Fidelity were buying from had to "reload". He mentioned that Fidelity had purchased 2 million shares through Goldman Sachs. During the recent trading days, Sachs has been most likely quietly buying back the 2 million shares at $35 and change...while Fidelity waits. It's sort of, you scratch my back and I'll scratch yours type of deal. The concern I have of course is that if others firms know of this...they would have bought more CPQ as well. Thus forcing Sachs to pay a higher price to buy the shares it sold to Fidelity...driving the stock even further up. This in turn attracts momentum players...shorts get squeezed, etc... I don't know, but as right know I am out of CPQ. IF it dips to the low 34 range I'll be in again. I don't expect this stock to go much lower. Fidelity will make sure of that. Remember this is what I heard...it might not be true. -Eddie