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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (74733)12/31/1999 3:07:00 PM
From: Andreas  Read Replies (3) of 97611
 
To Elwood;

Sure, I'll take a stab. After all, my 25 3/4 end of year guess wasn't exactly a ringer. Given my track record you should all do well if you do the opposite of me. My crystal ball tells me that cpq will rise to about 30 by January 21. Unfortunately, it will be about that time that the market begins a 15% correction. Tech stocks will be hit hard during this correction (worries of a 50 basis point increase by Greenspan may amplify correction to 20%). CPQ will of course get killed along with other techs and drop to about 25 which will nullify the moderate good earnings news. The correction will last about 6 weeks. Thereafter, the market generally will be stagnant through about april as investors are shell shocked and reluctant to jump back in with both feet. Heavy institutional buying after correction will drive cpq back up to 30 by april. Unfortunately, extremely heavy resistance at 30 will leave cpq bouncing around 30 - 32.50 throughout the summer. Market will begin another autumn rise beginning in september. By this time, institutional investors will be more positive on cpq as it is a laggard in the tech sector. cpq will be taken to 40 - 45 by year end as turnaround becomes clear.

On January 1, 2001 a huge meteor will hit earth and we will all be dead and quite unable to spend the millions we had finally made from our beloved cpq. Time to get drunk!

Happy New Year everyone. Go CPQ!!!
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