COMPAQ files for Chapter 11.....
Oh, sorry, just thought with all this gloom and doom
over the recent bloodbath that such a headline was
waiting for me tomorrow in the financial pages. Yeah,
I'm pi--ed too, cuz I'm in at 33 and more at 36 just last
month. But I really don't think that 5 years from now it
will matter. I hope that anyone who bought CPQ for whatever
price however long ago was of the opinion that years from
now it will reward investors. I can't afford to worry week
to week. Of course working for Lucent and having a ton of
money in LU in my 401k makes things tolerable as well.
Besides, stuff like this has to happen to follow the first rule
of investing (which I didn't do too well with CPQ). buy low
and sell high(er). I'm in for more after it bases in the mid
20's. I saw SFAM tank 50% after I bought it, and I held on as
it went up 500% afterwards. It's tech, it's volatile, such is
life. If I get cancer, then I'll start getting upset about things.
Steve |
