Compaq Message Board - Msg: 8065733

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (50267)	2/27/1999 9:02:00 AM
From: rupert1	Read Replies (1) of 97611

El: Agreed. Before I worried that at $47 it was fully valued and all the analysts were on board and there was not much scope for upgrading. At $35, and with the recent downgrades and ratcheting down of earnings, there is now a strong case that it is undervalued and scope for a slew of upgrades. The analysts will have no shame when they upgrade in a few weeks. They will simply say that the March sales, or the tax credits, or the higher end product margins, or something has saved the day. On the business about CPQ never having fallen $6 in one day - not to be repetitive (I have already told the story to Lynn and Aitch) my memory is that it fell from $50/51 to $41 in one day - I think it was 1st quarter 3 years ago, maybe four (time goes so quickly) followed by another $3 fall the next day. Within about 6 weeks it was back to $47 then it moved to $57 where it stalled before moving up very strongly to splits. My memory being what it was perhaps there was a day or two between my selling at $51 and it starting the one day descent to $41 - so maybe on the actual day of the fall it may have fallen from about $49. I have a clear memory of the Schwab broker commenting that I had "turned an elephant" when I sold at $51 .

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