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

To: PCSS who wrote (30102)	7/30/1998 10:46:00 AM
From: Jason Hall	Read Replies (1) \| Respond to of 97611

I don't have any rules like that, because one day isn't enough time for me to formulate an opinion of a stocks future movement. If the stock goes up too fast it will come back down. If it goes above 34 and retreats to a point above 31, I'll place my bets that the stock is in an uptrend. I like it when a stock retreats after a rapid increase, gives it a chance to increase support at the lower price points. It also gives me a chance to increase my holdings :) In this case, I don't think the stock will maintain any local highs it may make. Any increase is probably in reaction to the altavista deal, and those stocks are very volatile. -jason