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


To: Bipin Prasad who wrote (35208)10/22/1998 10:21:00 AM
From: Roads End  Read Replies (2) | Respond to of 97611
 
BP...This is just an observation but CPQ has traded below both its 200 and 50 day moving ave for the last 17 days. Last March was the last time it traded below that level for any period of time and of course it was full of negative news at that time. It's my opinion we should see a move back to where the two averages converge at about $31 in the very near term since there is no fundamentals to hold it down at this level and more importantly there is no negative meat out there except for the self serving rumors that appear from time to time from people like Greenberg.
Steve