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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (11805)12/19/1997 5:15:00 PM
From: Kenneth R Miller  Read Replies (1) of 97611
 
Hello Stephen,
I hope you're not too worried by the selling off of CPQ.. I see this company as one of the few on wall street that takes care of business in a very professional way and is not limited to a one horse show... so I am optimistic on the long view... next two years. Even if a person bought near the highs for this year (~79), you will still be a winner by this time next year. Just remember that when you see the near term results of tax selling and profit taking and rotation into other stocks.. This is the time of year when all that stuff happens.

If you really believe in the excellent management of this company and their cash on hand to deal with.... then you will be buying on any dips into the support area (around 52), and holding long term until you realize your profit targets.
Good luck to you in the markets,
Ken Miller
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