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Technology Stocks : Compaq
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To: KHUL who wrote (22474)3/18/1998 7:45:00 PM
From: Mike Gordon  Read Replies (2) of 97611
 
KUHL; Thanks for the response. You might be right. My wife always calls me a contra indicator. I guess the reason I've changed my position is because I can't figure out what happened to the 500mil. Pfiffer and company have done a tremendous job in the past, and made errors along the way. I fully expect that Pfiffer has a responsibility to keep CPQ shareholders informed. Channel inventory concerns as the reason for 500mil in lost earnings is difficult to swallow. Especially in leau of the DEC deal.

I sincerely hope that my move was wrong, I still have 1K in the account. However, as a trader, I think the short term view is negative. Good luck on your long position. As many others have said on this thread, CPQ should be at 35+ by next year. Good luck tomorrow,

Mike
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