340 not running anymore...Help Please?

hehe...... I have definitely learned my lesson on spending a bit extra because "everything was redone less than x many miles ago"!!!!!! Sorry to hear about your car. I've been a bit frustrated that I spent $6000 on a car that I was told would be fine for a daily driver and 6 months later I'm still walking, but my issues have been nothing compared to what you got. Plus, after spending all my time under my car, I decided to go to school to become a mechanic. I figure it'll be nice to, one day, actually know what I'm doing when I go to fix my car. So, this POS has really been kind of a blessing, disguised in rust lol

I do have a question about doing the compression test. I had already bought one to use the adapter to put air in the cylinders to keep the valves up when I put the new valve guide seals on and was going to do the compression test, but I was under the impression that the results wouldn't be reliable unless you had the engine at operating temperatures. Is this right?

I will see if anyone at school has a timing light I can borrow and see if I can get a ride to the parts store to get an inline spark tester and get to my homework asap. It'll probably take me a couple days, but I will post my results as soon as they are available. Thanks for your help :)