Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Lee who wrote (69420)	10/21/1999 8:42:00 PM
From: Jimbo Cobb	Respond to of 97611

What was your rationale for buying Nov 20 calls on such a stock ??????????? jajajajajajajaja Jimbo.

To: Steve Lee who wrote (69420)	10/21/1999 8:44:00 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

>>>What is your rationale for holding rather than protecting yourself from further loss (HOPING to get your money back doesn't count)? Didn't know that were playing a game here with you making the rules. I think not! You can crawl back into the woodwork now. El

To: Steve Lee who wrote (69420)	10/21/1999 8:56:00 PM
From: Captain Jack	Respond to of 97611

OK Steve--- "Are you concerned that it has just broken a major 2 year support level on high volume just before earnings announcement in a time when the company is doing very badly in the market place, in an industry that is currently getting squeezed by price competition? Not to mention that CPQ has the least competitive distribution channel of all its peers. Or that the only part of its business experiencing strong demand is the ProLiant server range, where customers are generally waiting for kit because CPQ can't deliver due to component shortages, and where they can deliver, they are having to reduce their margins to the point that next week's earnings will not need the analysts to put a negative spin on anything." So why would a person buy such a compelling stock?? it seems they are not buying,, only selling and not just for the tax loss but because of the items you mentioned and more... I am holding higher than El--- hell much lower and it can just go away and not pay the brokerage fees,,, LOL! I hardly doubt the institutions are selling,, they have sold about all they had,,, not for tax reasons but so as not to be embarrassed for holding such a loser...

To: Steve Lee who wrote (69420)	10/22/1999 2:40:00 AM
From: rudedog	Read Replies (1) \| Respond to of 97611

steve - well you got responses from our resident pessimists - who really do have reason to complain about CPQ. In my case, since my basis is around 8 and I have no particular need to get out of the stock, it's just a bunch of numbers on paper. I think your analysis of CPQ's business and current condition is wrong, but that's just opinion. My purchase of 1000 Nov 22.5 calls says I think the earnings will be positive. By the way, did you ever hear the saying, buy low sell high? The first step in that process is buying low. Usually when most folks are selling, and the company is in the tank... Good luck on your short - NOT!!! See you next week to see who gets the last laugh.