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Technology Stocks : Compaq
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To: Piotr Koziol who wrote (78885)2/29/2000 3:04:00 PM
From: John Koligman  Read Replies (2) of 97611
 
Piotr,

It's been that way for a l o n g time now <ggg>. The deal is either 'internet excitement' or some kind of spinoff pitch. Look at COMS. I remember asking on this thread not too long ago if anyone was biting when COMS announced bad news and the stock traded down to 20. I did not bite, (wish I had on that one!), and the stock today is trading at 92. I don't think it's because COMS all of a sudden became a networking powerhouse, but simply due to the 'PALM craze'. Doesn't make much sense, but it's real. As for CPQ, who knows. I've been trading it lately for a point or two here and there, it has been a reliable vehicle for that and not much else. In fact, I'm thinking of buying a load on close today if it hangs below 25 and unloading in a day or two if it moves up a point or so. That has been the pattern.

Regards,
John
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