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

To: ed who wrote (18097)	2/26/1998 12:08:00 AM
From: zurdo	Respond to of 97611

Ed, I agree with you that the behavior of CPQ indeed appears to be the result of clever manipulation, but it is becoming more obvious as it continues. CPQ stands out like a sore thumb as one of the few stocks that does not rise in price where other similar stocks climb during the good market days we have had recently. We have seen repeatedly where CPQ rises to 35. At that point it has consistently hit a steel ceiling. Perhaps it is time for us to write some letters to the SEC and request that they examine the trading patterns and the participation of big money to see if there is a pattern of manipulation on this stock. The fundamentals of this stock should be yielding a much different pattern of movement. It could be that it is very profitable for a few big money participants to keep the stock price within a very narrow band while they clean up on suckers who have bought calls from them. This hurts all of the rest of us too.