Compaq Message Board - Msg: 557834

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Technology Stocks : Compaq

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To: michael c. peterson who wrote (1287)	12/16/1996 5:08:00 PM
From: Leo Francis	of 97611

Michael,Now is a great time to take advantage of these price levels. Is it your position that a confirmed reversal is at hand? I don't think so. CPQ remains a great long stock. And yes, the reward/risk ratio is intact and still good for CPQ long. $90 by Feb/March is still my position. Don't get too excited, there are several announcements and reports coming out in the next 90 days, including a very powerful earnings report. If you look at the Circuit City numbers released today,(some say the techs fell on the chairman's comments), you see sales are up 10%, but same store sales are down 4%. The country remains over stored. Also Circuit City reported inventories are low. I love to buy in situations like today. And I did. I hope you did as well. LF

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