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


To: Andreas who wrote (77575)2/6/2000 7:14:00 PM
From: Elwood P. Dowd  Read Replies (2) | Respond to of 97611
 
Asked Tom Dorsey for his latest take on CPQ and rec'd the following reply. El To: Elwood P. Dowd (5943 )
From: Tommy Dorsey
Sunday, Feb 6 2000 7:04PM ET
Reply # of 5944

El don't worry about the stock. It's fine. Nothing has changed with the technical picture.
Keep in mind that all the market indicators have moved to negative. I don't care if the Dow or
S&P move up the sell signals are winning clearly evidenced by the fact that 64% of the
stocks on the NYSe have negative P&F charts. This will weigh on CPQ as it will on every
other stock out there. This is what happens when the overall market loses sponsorship.
How long this lasts is anyone's guess. One week one year, we don't predict. If you are a
trader, that is another story and time is a killer for traders. If you are an investor and are not
overleveraged them sit back and relax. Next time you feel tense about CPQ e-mail again
and we'll talk. Tom



To: Andreas who wrote (77575)2/6/2000 9:08:00 PM
From: Salah Mohamed  Respond to of 97611
 
Andrea ... About Credit Rating

>>>They did not lower the rating because of any perceived deterioration in cpq's financial position because no material deterioration occured.<<<

If there was no perceived or material financial deterioration, then why did S&P lower their credit rating?. I don't find any other reason for such an action. Please, enlighten me.