Compaq Message Board - Msg: 3875368

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Technology Stocks : Compaq

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To: Satyr who wrote (23576)	3/28/1998 10:39:00 PM
From: James F. Hopkins	Read Replies (1) of 97611

Satyr; It's hard to say what will happen short term, I think she showed her support level real good. Dec trading at 44 before but There are a lot of people who bought DEC just after the deal..up to 62 and she stayed above 60 a good while..millons of shares sold up there base on CPQ being about 32..as it is they get hurt real bad if CPQ don't get back up to 32. So it may not matter about earnings or inventory. There is about 40 to 50M shares of DEC that need CPQ at 31 or 32 just to break even. Also you got a lot of old money in CPQ that needs that 31 or 32. Will they gather up some resorces and buy her up to there, I think so..I don't think the shorts can stop it. It could take a few months..and they may want to see if CPQ drops back any before buying more..but with the money already invested at that level..and above forget the creative book keeping if the deal goes there will be a lot of presure from old money to push the stock back up, at least to the 31-32 level..it won't help the NAV of some of the funds in this and DEC to let her sit here..while they may take their time.. hopeing to get some more around the 24 - 25 level they have motivation to eventully momentum buy her on up. From that point who knows..the big name companies generally recover good after a big hit..maybe take a bit..just look at ORCL..up 65% since it's hit..now you know things have not improved that much at ORCL..T has over doubled since it's hit..it could take time, but not forever. She will likley take out her old highs if not this year , then in 99 for sure. The funds got to much in her not to push her back up. Jim PS No one has done more ceative book keeping than AOL..and look were she is..not even the insiders believed she would go that high..sometimes the FA don't make or mean frazz in this crazy market..if it did then the DOW would be closer to 6000 than 9000. :-)

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