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


To: van wang who wrote (22788)3/20/1998 11:50:00 PM
From: Satyr  Read Replies (2) | Respond to of 97611
 
22 is the long term bull trendline on the weekly charts. I would think that if the stock is going to get any support it should be there. If you take out 22 then it's anybodys guess where the bottom might be. I've enjoyed your posts but have one word of caution. I don't believe in this market that the old PE ratios are worth anything. Perceptions drive this market and right now CPQ's credibility is certainly questionable but perceptions can be created. Good luck on your short.