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


To: Night Writer who wrote (39451)12/10/1998 4:09:00 PM
From: Roads End  Read Replies (1) | Respond to of 97611
 
NW..It looked like to me the old high level was defended ferociously today. If we break below that level I wouldn't expect more than a 50% retracement back to the last base 34-35. I was buying today at and just below 40 so I hope I am right.
Steve



To: Night Writer who wrote (39451)12/10/1998 4:19:00 PM
From: Senator949  Read Replies (2) | Respond to of 97611
 
What if the market goes down again tomorrow. Do you think we can hold 39?

IMHO, I don't believe we can. Most of those 1 million shareholders can't watch the market by the minute like some on this thread do, they have real jobs. Of those, most probably won't know that the correction has started until they either watch NBR or CNBC tonight or check their morning paper. They will then go into panic sell mode just like they went into panic buy mode 2-3 days after take off.

I believe this correction won't be done for a few days yet and I'm targeting 36 to add to my holdings. If you read my last post and my low target picking ability holds up, CPQ will bottom out at either 36 1/4 to 36 1/2 or else in the 32-33 range.

Robin