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

To: Andreas who wrote (77862)	2/10/2000 10:54:00 AM
From: marquis103	Read Replies (3) \| Respond to of 97611

"I'm beginning to wonder why I am long this stock given the huge gains realized by others elsewhere. How many of us on this thread are like me - just don't have the stomach to eat the losses and run - so instead we die a death by a thousand cuts?" Gee. I only have that thought about 20 times per day. I think part of it, is that it's hard to believe this pig hasn't based in the 30's by now. And we're afraid to sell just moments before the turn finally comes...if it ever does. Russ

To: Andreas who wrote (77862)	2/10/2000 11:04:00 AM
From: rupert1	Respond to of 97611

Andreas: It is the institutions which drove the stock price down to $18 and they who brought it back up to $33. But to continue buying they need insurance from analysts. Some influential analysts are still neutral on COMPAQ, some on the buy side have set 12 month targets of $35 (a few $50) and some who recognise a turnaround may be possible think it will be a slow process. Like you, they wonder whether they could not get faster and better returns elsewhere, and come back to COMPAQ if and when it starts moving. My own view is that if someone gets to know so much about a company that they begin to empathise with it, begin to share management's view, and to continually excuse poor performance, and if they start to think that their knowledge of it must be kept up to date and will be wasted if they invest elsewhere, then they have probably lost some objectivity. I am not suggesting that you or anyone in particular is in this situation - I mention it as the kind of trap we have to be careful about. If someone was to offer you a share that would make a certain 20 -25% in the next month but you would need to sell your COMPAQ - would you do it? If not your expectations of COMPAQ may be too high. Of course, you cannot get a guaranteed 20-25% in a month, but perhaps the search for such a stock may prove less frustrating than watching the COMPAQ pot boil.

To: Andreas who wrote (77862)	2/10/2000 3:03:00 PM
From: Captain Jack	Respond to of 97611

Andreas <<"just don't have the stomach to eat the losses and run - so instead we die a death by a thousand cuts?">> Fortunately for some of us we did not jump into CPQ with both feet. LT & ST history have always shown CPQ retreats (nice word for 'tanks like a rock') regularly. Many have enough for it to be noticable but not enough to hurt since there are winners that offset this loser,,, many of those in deep have bailed --- just like the institutions that do not believe as they have not been shown.. thought about selling Mar 35s,,, LOL not worth the paperwork at 43 cents,, sure would be happy to be rid of all but 1K and 35 by Mar looks impossible,,