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Technology Stocks : Compaq

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To: MeDroogies who wrote (80194)3/24/2000 4:53:00 PM
From: Captain Jack  Read Replies (1) of 97611
 
MeD-- The eternal optomist! Great job! They will return but it will be many years before you see 70% institutional again,, if ever. There is zero credability and no trust in the company. Many KNOW CPQ is a good company-- they also realise it is no longer a great one! Is is also known mgmt is very weak. There is so much caution now no one wants near it.
With luck 28 will be the low. Look to drop at least on the open Mon and do not lok for much without something positive until the numbers are out. Unless they are way over the LOWERED qtr consensus do not look for much then after this debacle either.
I would rather see the drop on low vol indicating their are few shares at this level. The high volume indicates sellers are lined up at the door.
Coulld be the 3rd time is the charm,,, only sorry I did not get to unload all the 35s as I was a tad greedy -- but the NOVL and GLBX bought today went up,,,
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