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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (23858)4/3/1998 5:42:00 PM
From: Jimbo Cobb  Read Replies (1) of 97611
 
El: One thing to keep in mind with CPQ...the 52-week low is still 14, but as time progresses, that number will start moving up toward 20, as the 52-week window shifts...from a psychological point of view, CPQ at 25 really doesn't look too cheap when the 52-week low is 14 (it is still 80% above that low !!!!)....if the 52-week low is in the low 20's, suddenly CPQ might start appealing more to those who like to buy beaten-down "value plays".

I realize it's all psychological, but it has some validity.

Of course, if CPQ dropped down to 14 again that might also do the trick <g>.

Jimbo.
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