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

To: Andreas who wrote (18026)	2/25/1998 3:22:00 PM
From: Elwood P. Dowd	Respond to of 97611

The stock was run up by institutional buyers and momentum players and the stock got ahead of itself. Since then, the buying has dried up and it is slowly selling off to profit taking and the failure of the momentum to continue. I believe that the institutions that got in are probably still in. They simply got in too early. CPQ really didn't do much to sustain the rally, in the way of DEC related news, but I guess they are limited as to what they can say/do at this stage. stephen

To: Andreas who wrote (18026)	2/25/1998 3:44:00 PM
From: Gene Lee	Read Replies (2) \| Respond to of 97611

Andreas: CPQ is going to retest 33 1/2 low of 2/20/98, caused by an article on WSJ. So far it appears as a pure technical movement considering the volume.

To: Andreas who wrote (18026)	2/25/1998 4:25:00 PM
From: John Koligman	Respond to of 97611

Andreas, If you can explain day to day movements in this stock, you are a better man than most of us!! When I personally referred to the DEC merger news, I'm talking about a several month timeframe. Compaq started acting 'unnaturally' (at least to me) the day earnings were announced in October. From that point on, all positive news did NOT move the stock, and the split announcement had a negative effect. I'm simply theorizing that the street smelled a deal and dumped the stock. When the merger was announced, the stock dipped that Monday, but then recovered to the 37 area you mentioned. Since then, dissapointment once again in a very strong tech market! The stock was weak prior to the merger announcement, and my best guess is that the merger has unfortunately put a damper on the stock once again in a strong market. It seems that Compaq now does not go up in a strong market, but corrects in a weak one. What can I say? What is your take on the situation over the next few months? John