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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (52968)3/12/1999 9:20:00 AM
From: rupert1  Read Replies (1) of 97611
 
El: I bought at $41 at the very moment that Mason was talking to CSFB. Nobody, except CSFB clients got to sell before the price dropped $6 1/2 dollars at the start of the next trading day. CSFB admitted in their commentary that their analysis would probably cause a price drop. They then recommended a buy. They also said that they thought the 2 cents charge for the Brazil currency devaluation was an exaggeration because of the low volume in Brazil.

Furthermore, on the basis of my fundamental analysis, I have bought more. Eventually, I shall have an average price of $34 (not counting more than 150% profits I made in its run-up to $51). I doubt very much that too many big shots have a much lower average price when this is all over. They will probably get off the fence when it is at $35-37. I wonder how many of the analysts and their brokerage houses sold when it was $50 and $48? I sure didn't see any recommdnations from them to sell or short at those levels.
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