Compaq Message Board - Msg: 3784472

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Technology Stocks : Compaq

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To: Chris McConnel who wrote (22717)	3/20/1998 4:31:00 PM
From: van wang	Read Replies (1) of 97611

well...the S&P trades at 22-3 PE to forward...unless I know about interest rate spiking up I am hesitant...not every stock in the indices are overextended or have temporary problems with individual stocks...I know for certain whether a stock is overextended and where my risk reward lies...this does not mean I can pick the top...and when the mkt corrects...these stocks will move the first and the quickest...again, its predicated on the mkt correcting abit...I also know that the mkt will let me buy back the stock because of the overextension in case I am wrong on the timing and then reset my short price again at a higher level chris..I hope stephen is right on the barron's article...I am short box makers in a big way...barron's definitely moves the mkt have a good weekend

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