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Technology Stocks : Compaq
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To: J.Maz who wrote (64969)7/12/1999 4:22:00 PM
From: Night Writer  Read Replies (1) of 97611
 
J.Maz,
what do you think of the potential for CPQ to move in the next few weeks?

I would hate for you to make any great moves based on my opinion. Compaq is a volatile stock in a volatile market. I don't know what will happen to Compaq over the next few weeks. I will share my opinion with you. It boils down to a simple set of facts.

Compaq presents a long term opportunity to me own a Fortune 100 company in the Information Technology business. One of the growth areas of today. Long term I think this is a winner.

Compaq has fallen on hard times. The stock price is down. I personally have good luck buying selected companies when they are in disfavor with Wall Street. Short term may or may not be a good play on Compaq. It is showing signs of returning to favor with Wall Street as a solid turn around play. How fast this happens is anybody's guess.

If I had to invest sombody's 401K for them, I would look for long term opportunities and not short term trading. Compaq would currently be on the list of long term opportunities. Someone pointed out that Boeing also fell into the same profile as Compaq. I would also look into Boeing.

I remember when Chysler was having problems and trading for $1.50 to $2.00. I said something to my boss at that time about buying some Chysler stock. I was serious. He made fun of the idea. He didn't think they would survive. Unfortunately I listened to him, and I didn't have a lot of money to risk. I kept my $10,000 in bonds. Now I wish I had followed through with my long term thoughts. I would be very well off today. I think Compaq may be presenting you with that opportunity.

My basic feeling on Compaq price is you can't go wrong buying when it is around $25, or under $30. I have said this for a long time and generally followed the rule. I violated it several times and regret doing so.

Good luck with your investing.

NW
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