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Technology Stocks : Compaq

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To: rupert1 who wrote (79206)3/8/2000 5:35:00 PM
From: Andreas  Read Replies (1) of 97611
 
How much longer?

Before I can get the heck out of this so-called stock? After 2 1/2 years in and out, I've had enough screwing around with this loser. Hopefully, it will hit 32.50 within 60 days. I know that is being terribly optimistic - but if we're so lucky as to see 32.50 then I'm out of here. There comes a time when all the hype is just that - hype. In the final analysis there are other places to make money. Maybe there will be a day when cpq is again a favored stock - but as of now the institutions are staying away. Still at 42% institutional ownership - down from 75% - 80% 2 1/2 years ago. No stock can sustain gains without the support of institutional buying. That in a nutshell is one of the major reasons this stock keeps drifting back down after a small upward move. The momentum buyers take their short-term gain and split. So lets hope for a pre-earnings spike (Please Captain - don't give me another story on why a pre-earnings spike is not likely since there is no basis for it etc. etc. - let me dream)
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