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


To: E.H.F. who wrote (21322)3/10/1998 9:19:00 PM
From: Larry J.  Read Replies (1) | Respond to of 97611
 
<bad news coming from another company isn't going to beat it down much further.>

Unless the other company is on the verge of becoming one with the subject company. Don't be naive. A DEC bombshell is good for another 8 - 10 % haircut. The only good to come out of it may be if it throws the CPQ/DEC merger into question.

I managed to wiggle out of about 3/4 of my CPQ position with a tolerable loss this morning. Am debating whether to keep the remainder until the DEC story is known.

Larry



To: E.H.F. who wrote (21322)3/11/1998 2:05:00 AM
From: Satyr  Read Replies (1) | Respond to of 97611
 
Key support should be at the 22 level. That's the support on the weekly charts. Hopefully it will never get there.