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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (62824)6/10/1999 12:02:00 PM
From: Elwood P. Dowd  Respond to of 97611
 
Jim... no "excuse me" necessary! CPQ is the crappiest Fortune 100 stock going and the 3 Stooges have made no effort to stay in contact with shareholders, which imho, only bodes for more trouble ahead. Expect nothing from CPQ and get less! El



To: Jim McMannis who wrote (62824)6/10/1999 12:13:00 PM
From: Elwood P. Dowd  Read Replies (2) | Respond to of 97611
 
Watch CPQ set a new 52 week low today or tomorrow as the idiots who are running this company fail to come forward. They might as well have kept EP. El



To: Jim McMannis who wrote (62824)6/10/1999 1:27:00 PM
From: J.Maz  Respond to of 97611
 
Jim,

I've been a regular reader of this thread for over 1.5 years and occasionally contribute. I'm one of many using the aqualung on my CPQ shares these days, as I'm averaged at $37.90 on almost 1,000 shares. I hadn't been reading the thread as much these days, because quite honestly it's too frustrating to keep that close of tabs on the stock.

However, upon reading through some posts yesterday, I did find Andrew's post (among many others) to be very insightful, it's just too bad that he had to flavor it with criticism about the so-called "whining" of thread participants. The plain fact is, it's hard not to whine a bit when your investment in a company went down more than 40% in a matter of just a few weeks.

Andrew's reference to IBM and ATT's comebacks struck a particular chord with me, because I had the misfortune back in 1993 of buying Big Blue at $68 and then watching it quickly crash all the way down to $42. By the time it made it back to $72, I decided to take some small profit and got out of it. So, how much would that IBM stake be worth today? I try not to think about.

The moral of the story, is that CPQ clearly has the potential to execute a similar turnaround. Is it worth waiting for, or is it better to take the tax loss or balance the the loss against other gains? That's obviously up to each individual owner to decide.

In the meantime, we use this forum to share information, complain, cheer-lead, bash, and whatever else comes up that helps us to better process this financial setback.

Lots of luck to you.

JMaz