Compaq Message Board - Msg: 396366

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Technology Stocks : Compaq

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To: hpeace who wrote (402)	10/29/1996 12:23:00 AM
From: michael c. peterson	of 97611

Steve,I have made some mistakes on CPQ and this could be another mistake. Let me make one thing clear,[ I respect your knowlege of the market ] .I agree that getting to emotional with a stock is a recipe for desaster.Its just that this stock is overhyped and overvalued for a company that has one major project expertise ,if something goes wrong they are dead meat for a long time.Your strategy puts/calls is also gambling.I don,t care if you were born with the companys logo on your forehead there is no way you or anyone else can tell me how this or any stock is going to behave in this or any other market . I would love to see the stock go to 90 so ai can by more puts ,but I sincerly believe that it will hit 50 before it hit 85-90.Don't get wrong I take your advice seriously I just think you are wrong on this one and ATMEL,I think in your recent notes you are making a mistake by saying that the only thing that could take CPQ to 55 by jan. is a crash ,there are to many roadblocks in its way .PS if iam wrong about this I will eat crow...Good Trading MP

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