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

To: csm who wrote (37223)	11/23/1998 2:43:00 PM
From: Kenya AA	Read Replies (2) \| Respond to of 97611

Hi, Well looking at the CPQ's chart, I would say that there is a ton of supply at 35. Whenever the ask hits 35, size goes over the 1 mil mark - whenever it goes below size drops to normal levels <50K. I do not think we have the volume today to close > 35. Volume looked good this morning but then dropped off. If we "drift" above 35 on normal volume on the tails of the general tech rally, I do not think it will hold. Volume picked up a little when we broke 35. It's hard to say. Don't know if the Samsung story is "big" enough to hold it over 35. In the style of Jerry Favors I would say that I think it will not hold 35 today unless it does. If it does, I think it will continue to go up until it goes down. It's a toss. K