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

To: John Koligman who wrote (58083)	4/15/1999 5:45:00 PM
From: Elwood P. Dowd	Read Replies (3) \| Respond to of 97611

John.... I see more downside for CPQ. I don't know if will drop into the teens, but I certainly think that 20 and change is possible. there seems to be pretty good support here, but it could fall thru on further bad news. I'm wondering if you or someone would take a look at the chart and access the strength of the support at 23-24??? we are in a very bad situation here with the market at an all time high and CPQ at a one year low. If the market corrects, surely more $$ will come out of CPQ. looked this afternoon as if there was quite a bit of selling. Everything right now kinda hinges on the earnings and CC. I would have to think that if they have a shred of good news that they will present it next week. On the other hand, I think that after the backlash from investors they've had of late, they will be hesitant to paint anything too rosy, unless it is truly valid. Have they learned their lesson??? nah, I doubt it. I'd hate be EP and have to go into that shareholders meeting with more bad news. El