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Technology Stocks : Compaq

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To: rupert1 who wrote (53265)3/14/1999 2:50:00 PM
From: Toby Zidle  Read Replies (1) of 97611
 
The same type of analysis at the beginning of last October told us that Cisco would fall to the teens, leading all the other high-techs. Also we knew that AOL couldn't handle its expansion in 1997 and after all those state Attorneys General got through with them, AOL might as well file bankruptcy. No, Exxon can't possibly survive the Valdez oil spill settlement and those exploding gas tanks will absolutely do in GM.

The market is way overpriced and the DJIA can't possibly top 8200 in 1998. Look for a drop to 5000 or less. Sell all your stocks by 2/1/98 and put it all into Y2K software stocks because it's clear that in the 2 years [from 2/98] until the millennium these Y2K companies' revenue will approximate 50% of the U.S. GNP. Hot! HOT!!

Finally, if the Y2K problem isn't solved, all the nuclear weapon failsafe/disarm clocks will fail. There will be a once in a thousand years chance to invest in atomic decontamination and riot control companies. A ground floor opportunity!

Victor's right. CPQ has gotta crash. Its very survival is threatened. Sell out and buy back at $2 if you still think there will be a company left. The only minor difficulty is that CPQ will likely get to $60 before it falls to $30.

Back to the drawing boards for some new paranoia. Thanks for the opportunity to let me paraphrase some of the warning of not-so-far-back history. Warnings tend to repeat themselves even if the history was never there in the first place.

As Victor says, "Due your own due diligence!" Think of what consequences are truly unreasonable.
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