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

To: Whys1 who wrote (60823)	5/9/1999 6:35:00 AM
From: rupert1	Read Replies (2) \| Respond to of 97611

Whys1: if it closes solidly above 25 on increased volume I would buy, otherwise I'm waiting for another opportunity at 23 or under Given all the information, especially from helpinout, of the intense interest being shown in the new DAP program, and given that the formal announcement will revitalise the debate on Monday, I am wondering whether we might see a move towards the $27/28 area. But I would also expect to see a lot more comment to the effect that the changeover will cause disruption and price-cutting in the short-term and effect 2Q and 3Q earnings. If so perhaps caution will reassert itself until we get positive guidance from Rosen or until we get 2Q earnings. If this is the case then I can see the price drifting back to $24/25, and in a market correction, to $22. If I could be convinced of this scenario, it might be worth buying more for the run to $27/28 and then selling for the pull back, and re-entering somewhere between $22-25. This would differ from your plan of buying (for the long term?) if it closes above $25 on heavy volume. Is your plan based mainly on technical momentum?