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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (41456)12/29/1998 6:57:00 AM
From: rupert1  Read Replies (3) of 97611
 
Elwood: If true, your post reinforces my belief that these threads can be dangerous places for investors. Until that post you seemed like the unshakeable moaning minny who would never actually trade CPQ let alone sell it. Yet you tell us that you were within a hair's breath of doing so. I've seen this before. I have been on threads where the thread cheerleader, who was also an insider with the company and a passionate opponent of a competitor, CISCO, whose corporate culture he professed to hate, suddenly disappeared from the thread. Months later he reappeared and confessed he had left the company sold all his holding and gone to work for CISCO. He reappeared because he had changed his mind again and come back to the original company with a new hatred of CISCO. It was obvious from a lot of comments from other posters that they had been consciously or unconsciously relying on his upbeat support and "insider" tidbits and felt betrayed. I think the sentiment on the thread can not only affect fundamental decisions but also timing. I found it better to trade actively without participation in threads, because one can make more objective and focussed decisions more quickly.

I think it is important not to make investment decisions based on the "expertise" demonstrated here, but to use the thread to broaden one's fundamental knowledge of the stock and the market and techniques, and to swop stories and yarns and get to know one another.

I've enjoyed some of the non-Compaq recommendations dug up by you and others on the thread this last week. I'm waiting for CPQ to whoosh to about $47-52
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