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

To: Loki who wrote (31891)	8/30/1998 5:17:00 PM
From: Windseye	Read Replies (1) \| Respond to of 97611

Hey Loki! Welcome back! No, I did not abandon CPQ when it hit the high 30s... although I should have, and then bought lower. I was TOO preoccupied with stumbling, bumbling day trading to pay the right attention to it... sigh. Actually the scenario of CPQs rise and fall looks very accurate to me, so much so that the cereal may be the only pleasantry of the day! Yes, I've discovered the concept of "Relative Strength" lately in my day trading reading, and it makes sense: CPQ held up well (at first) while the market plummeted. It did hang in there a long time just off a point or two from 35. Now, however, it is getting hammered like everything else. At least now there is some reason to suspect that we are getting close to a bottom... the momentum stocks are starting to drop (AMZN,YHOO,AOL,XCIT,etc. (even DELL)). With Acampora predicting a bottom of 7000-7400, however, we may still be in the doghouse for a while. Actually you were probably wise to go away for awhile... you missed hardly any action since Spring... and the scenario of a 4th qtr rise and payoff is still "fairly" intact. WHat do you think of betting on the market recovery as a function of getting more dollars into the emerging markets (loans and investments) in order to give "our" consumer base more spending money? Doug