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Technology Stocks : Compaq

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To: rupert1 who wrote (60176)4/30/1999 3:24:00 PM
From: Captain Jack  Read Replies (2) of 97611
 
Vic--- no I do not ask anyone but the biggest mistake in years was buying cpq and not taking a small loss instead of watching it tank-- think I'll add more under 20 and sell some of that expensive stuff to go against the gains nearly everywhere else. Buying down here should be fantastic,,, but those looking for 40+ this year are in dreamland,,, looking for lower before higher. Face it great companies can see their share price suck for a long time and too many people are wondering if cpq is going to remain great or be passed at least in pc sales. Granted pc sales are only part of cpq's rev but the brand name sells a ton of the big stuff. One effects the other--- realistically cpq here is a good buy-- anyone looking to recover high 30s or more can look well into 2000.. and it may not be there yet! The street is punishing it much more than the qtr deserves but the MID term outlook is fairly poor,, not much downside but a long way from a recovery--- and yes it needs turned around,, it is not just in a recovery situation... dead money--- yes and buried for awhile too...just pray Rosen stays healthy for the next few years and wants to play with his baby,,,
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