Compaq Message Board - Msg: 8305453

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (53254)	3/13/1999 8:25:00 PM
From: rupert1	Read Replies (3) of 97611

El: I definitely think that if it drops to $27 it will go to $25 and if it gets to $25 then it has to go to $23 (because it did before). At that point, you may as well start looking for $21 (because that's $2 lower). Once it gets there it will hit $20 (because that's a nice round number). If it doesn't bounce on $20, hold onto your hat because it's on the way to $15. $15 is no-man's land, as far as I'm concerned, which means that $10 would be a natural destination. At $10, margin requirements would change which would cause a massive sell-off to about $6. A stock never stops at $6 so we would be under $5. At that point new margin requiremnts would come into play, all the institutions forbidden to hold penny stocks would have to divest. I don't want to exaggerate - I think it would hold firm at $2.50 and then Jimbo will buy in quantity. The good side to this scenario is that if you short it on Monday at $30 you could make 80%, and then cover your short and make a further 80% when it came back to $30. Just a thought. Do your own due dilligence!

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