Mary:
Don't leave because of the Pollyannas on this thread; they just can't stand anyone saying anything negative about their stock. I submit that ALL factual, anecdotal, and opinionated discussion should be posted for all to see. Members of this thread should then evaluate the information on its own merits and act accordingly. Anything else is irresponsible investing.
I like Compaq the company; I spent $4200 for a Compaq Portable III in 1987 that is still in great shape. In five years CPQ stock will be worth much more than it is now, and I don't think anyone on this thread will argue that. But the sad truth is that the stock is now undecided which way to go following a bear trend from 80 to 55, and there is a very real possibility that market sentiment will drive it down further, regardless of earnings, stock splits, cheerleading, and attempts by some posters to kick those of us with differing opinions off the thread.
Yes, I'm short CPQ. I doubled my position at 60.50 and made over five points on the fall to 55 this week before closing out half my position. There is nothing unAmerican or wrong about making money when the stock drops in value or in trading in and out of positions. Those who think they can wish the stock higher are either naive in the market or too gutless to admit that their timing was wrong and sitting on paper losses.
I'll probably get flamed for this post and/or reported to the Webmistress; the preceding paragraph applies.
Good luck and have a great weekend!
RS |
