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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (73281)12/5/1999 7:28:00 PM
From: rupert1  Read Replies (2) of 97611
 
El: You can try to justify your non-decision to hold COMPAQ from $51 intraday to $18 all you like. I bought COMPAQ at an average of $26 with profits I had made from COMPAQ in previous years. I sold at $50 and $48.

Yes, it is true that I actually believed EP and EM when they gave false assurances about the progress of the DEC acquisition and sales for 4Q and 1Q (while the Chairman remained silent) and I bought back in at $41 intending to trade. I averaged down and got out completely in the Spring while you whined on and on throughout the summer cursing the man you now describe as "brilliant".

And what's your point, anyway? Are you saying that folk who invested in COMPAQ and believed their false public statements have no right to criticise Rosen or question your description of his interventions as "brilliant"? I would contend that folks like that are the most qualifed to criticise and question.

COMPAQ is a company not a religion.
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