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Technology Stocks : Compaq
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To: S.C. Barnard who wrote (28834)7/10/1998 2:02:00 PM
From: Windseye  Read Replies (1) of 97611
 
Well, I jumped in on margin 2/6 for 4000 at 35+. When I realized my error in buying on the DEC purchase frenzy I looked at interest costs over the next 10 months, looked at how and what EP and company would do, listen to wiser heads about the long term prospects, and have settled into waiting for 40 in the last quarter... settling for 20K gross minus 8K interest expense for a net of 12K. Of course I can bail for no gain at 37 or so. But the long term prospects are solid, and I can't find enough panic in the Asian crisis or bad prospects in Russia or Japan to really get me so worried I should desert this strategy.

If I had other investments working enthusiastically while cpq was at 23 I would have doubled down and picked 8K more. Unfortunately I was not willing to increase my margin expense that much at that time... I hope that's the worst error of the year!
Doug
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