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Technology Stocks : Compaq

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To: Thomas Dremel who wrote (676)11/18/1996 1:09:00 PM
From: Paul Moerman   of 97611
 
Thomas, Steve was trying to help people like me not buy puts on CPQ too early, and I suspect many people are thanking him for that correct advice. He's now saying the normal ups and downs of all stocks, even CPQ <g>, may be close to giving the edge to the putter over the caller, so to speak.

Leo struck me as confrontational and abrasive, but he did present a valid point of view for readers' consideration. I'm not interested in dragging anything out with him over it. <g>

I congratulate you holders of the stock, as you have clearly been on the right side of CPQ the last several months. Long term, I wouldn't be afraid to even buy more at current prices. Short term, I believe its valuation is at the high end of its historical range, and at some point in time will likely oscillate to the lower end of its channel. An overall market correction could precipitate such a move, and I expect that to happen in the next 60 days. Just my point of view! <g>

Good investing.
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