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Technology Stocks : Compaq
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To: EVA who wrote (20697)3/8/1998 3:05:00 PM
From: Hector  Read Replies (2) of 97611
 
Eva,

What makes you think those analysts know anything more than
all those who predicted CPQ would earn .35? I would look at
the first rebound tomorrow and then the retest of the first low.
If it rebounds and then goes below the first low of the day, below
20 should not be ruled out. The selling should start to feed upon
itself.

There were alot of people buying CPQ on Friday, thinking the
worst was over. They're already underwater and may just decide to
do the smart thing, get out, and wait till the dust settles.

CPQ is a fine company and long term will do just fine. In
the short term, below 20 is a real possibility. BTW, DELL is next.
The same analysts who missed CPQ have their heads in the sand
re: DELL. PC sales is a commodity business and it's slowing down
in the near term. I would wait till the end of this year to get back
into these stocks at much lower prices.

Dave
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