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

To: Roads End who wrote (38995)	12/7/1998 11:35:00 AM
From: rupert1	Read Replies (2) \| Respond to of 97611

Steve: My first sell was entered at 40 5/8ths: I moved this when I saw the volume to 40 7/8ths. Then I heard Kernan in the next room touting his mum's stock, and decided to mvoe it again - just in time. I now have it at 41 3/8ths. It's one of those classic situations where you don't know whether to be intellectually correct or make money! Logic tells me that $42 is the maximum spike before earnings, and $37 1/2-42 the trading range. But momentum does tend to make an ass of logic, in both directions. What we are all doing is trying to guess the strength of the momentum. If they are going to bid it up to $43-45 what is it going to do for an encore when earnings come out and the company confirms the merger is working etc?. I have predicted $50 by 23rd February for a long time, so I am not complaining, just trying to maximise my return, as ever, as it surges up. I never play options I jut buy and sell the stock. Would appreciate your opinion.