Compaq Message Board - Msg: 3758025

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Technology Stocks : Compaq

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To: KAD who wrote (22371)	3/18/1998 7:19:00 PM
From: Mike Gordon	Read Replies (1) of 97611

KAD: Thanks for response on 'math lesson'. After another 25 points today and CPQ up slightly, I couldn't take it anymore. I bailed out of the stock leaving CC's open and naked. If I'm correct, we might see 22.5 where it might be wise to consider short term puts. The market scares me at these levels, especially when I'm sitting on CPQ. I'm not confident that we know the complete story at this point. At least, they made two statements today, 1) lower prices even further on channel inventory, and 2) the DEC deal is not in trouble. What will happen tomorrow based on the later statement? I think most of us would prefer stock buy back. Mike

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