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Technology Stocks : Compaq

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To: rudedog who wrote (35466)10/29/1998 11:26:00 AM
From: JRI  Read Replies (1) of 97611
 
I'll take the credit, although I had nothing to do with it <g>..Chuzz did really well picking up TLABS at 31 and change 2 1/2 week ago, now at 55 (77% gain)...my Cisco bet is up 45% or so...CPQ up 20% (from where I bought it) in 2 weeks...

It's looking more and more that the morn/early afternoon of October 8th (what a great day that was....Cisco down NINE days in a row, had lost ....i dunno know....40%+ in value in 2 weeks...Dell gapped down big to 40 (after being at 69, 3 weeks earlier).....it smelled of panic in many stocks, and somewhat in the overall market).....it was THE buying opportunity in quite a while...I jumped in big, but held back a little...figuring we could still retest or even go a little lower due to end of month tax-selling.....but, hey, better to leave some on the table, eh?

You may want to check out PSQL (Platinum)....good little company selling pretty cheap....I am still researching, but I like what I see so far....

BTW- I was looking for my buying op on that Thursday (after I saw the CEO of Merrill Lynch go on Moneyline the night before and confidently predict that the Dow was going below 7000...Anything Merrill Lynch says is a great contrarian indicator to me...<g>)
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