My humble opinion is to take a chill pill, everyone..
I am a new investor in CPQ, buying it at 30 on the advice of no less than THREE local stock gurus who appear regularly during the day on local business/Bloomberg radio. They have never steered me wrong and I have made money from their statements. For example, I bought into Intel at 116 and sold yesterday at 132. All enthusiastically endorse CPQ, not only as an independent stock pick but in response to a caller who asked whether to buy CPQ or Dell. This question was called in to the radio station just YESTERDAY.
Consider the price you paid for CPQ, versus the price for Dell, or IBM, or Gateway, or HP. The price for all computer stocks will get hammered on Monday, no question about it. But the fact is, to be without an investment in a computer maker is to ignore that PCs and servers and other computer hardware form the very foundation of virtually EVERY SINGLE BUSINESS IN AMERICA, not to mention other countries and continents. You can't look at Yahoo or Ebay without a computer, either.
The end is not nigh. Hang in there. I've owned Dell. (Not anymore, thank goodness--made good money when it was still reasonably priced.) At this point, I'd rather own CPQ. |
