Howie,
I took an initial position of 1,000 shares at 23 3/16 a few weeks ago. I am not kidding anyone by saying it can't possibly tank to the high teens, but I have committed an amout of money necessary to buy 1,000 more shares should CPQ ever break below 19. In the event it pulls through the next two quarters ok, I see the Holiday season and the relief of the Year 2K issues being put behind us after the first of the year as the two single most reasons why this stock will be 50+ one year from now. Then throw in the AV business, whatever and however they decide to play it, and an announcement of a new CEO and I think anyone not invested in this stock now should be...at least with one half a position. If we get a new CEO, AV news and pull through these two quarters this stock will be off to the races. One has to at least have half position. If it tanks, take the other half of your position and sit back and wait. Anyone who thinks Compaq is going under or has forever lost its powerful domination of the PC arena is sadly mistaken or very short and hopeful. Compaq has many other irons in the fire other than strictly PC's and will shine as a leader. The stock price will follow. It sickens me to see how some on this thread attempt to scare people for their own benefit. Short have made good maoney and I congratulate them. They may even make some more. But in the long run Compaq will be back and the longs will have their day.
Hope I answered your question. |
