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

To: Loki who wrote (39284)	12/8/1998 5:23:00 PM
From: PCSS	Respond to of 97611

My RT just (5:14pm) came through with a final CPQ sale of 41 7/16 .. wonder where they found it That's down 1/4 for the day Michael

To: Loki who wrote (39284)	12/8/1998 5:33:00 PM
From: Matt Kaarlela	Respond to of 97611

Kenya, I agree with you 100% except I would like to unload the January 40 puts I bought yesterday before this one heads North. All I ask is for a dip back to 39 and then it can move back up. I used to hold this one but sold out for Dell a few months ago. I've been happy with Dell but am not surprised to see CPQ move up ( just got tired of waiting). I'm betting it went up a little too quickly though and will dip to 39-40 once the house votes for impeachment. Either way, congrats to the CPQ investors...

To: Loki who wrote (39284)	12/8/1998 6:14:00 PM
From: Kenya AA	Read Replies (1) \| Respond to of 97611

Loki: I agree with your assessment of the situation and what will happen. I think things will work out just fine. Besides, nobody cares about Clinton, they care about Rubin and Greenberg. Gore is a market neutral. But .... the Market does not like "uncertainty". As I've said before, the Street pulls the trigger first and asks questions later. I try to be as objective as I can when trying to figure out what Market action is going to be like. It's like driving in traffic on the interstate - some jerk is always going to slam on the brakes in front of you for no good reason and there are endless other "highway" analogies. Today's volume in both the Nasdaq and NYSE were higher than yesterday and it was a down day. This pattern which has been going on now for a couple of weeks is big TA voodoo - BAD voodoo. Would I buy Compaq right now if I didn't own it? Nope. Trigger fingers are very itchy right now. My basis was 39-1/2 and the breakout was at 35 so the odds of my being under water again, considering the general market action, is better than 50-50. Hope to rebuy below my original cost - as you say "a buying opportunity". Compaq's pretty strong though, so I may have to leave a few points on the table for a few days of fresh air and a good night's sleep. <gggg> I do not believe that the stock will ever breach 35. I LOVE THIS STOCK! K