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

To: Captain Jack who wrote (78541)	2/20/2000 9:18:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Captain: That "Tice" publication has a vested interest in a bear view. They are professional bears. They run bear funds. They are similar to Michael Burke. Every now and then they are right. Because at least once a year there is a big correction. At the beginning and in the middle of major corrections people start believing "end of the world" scenarios - that's why they panic and sell. At some point, the prices of individual stocks and the indices have discounted most of the bad news, and then people start believing again in growth and profits. I think that Abbey Cohen is right. The market is not over-priced even though some sectors are. There will be gains this year but they will not be as great or as easy as in previous years. Unfortunatley, in the process to correct the overvaleud stocks, most stocks get hit. This is painful to holders but presents buying opportunities to others. Going back to the "Tice" view. His bearish comments indirectly caused Tyco to go from $53 to $22 in a day or two. The SEC is investigating the substance of his comments and so far most informed analysts say he was wrong. Meanwhile Tyco has recovered to $43 (it is $37 1/2 after the Friday correction). I don't think CPQ should correct beyond $23. Actually, I don't think $25 is justified - it ought to be higher. But in a severe market correction, COMPAQ's lack of strong believers makes it vulnerable and who knows what intraday dip there might be. But this should not worry long term holders. I think COMPAQ would be a short-term trading buy at any price below $25.

To: Captain Jack who wrote (78541)	2/20/2000 8:19:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Jack, The market prospects in general don't look good right now. That is strange for an election year. Usually election years are good years to be in the market. IMHO All the political talk about tax cuts is giving Greenspan a big case of indigestion. Tax cuts would be more inflationary then the stock market wealth effect. He is trying hard to beat that into the heads of our law makers and the stock market is nothing but incidental damage. He also knows the stock bubble will burst on it's own. He is just telling Congress that it is going to happen. Ed Kirshner, the chief investment strategist of Paine Webber had CPQ as his number one stock pick for 1999. He also projected that the DOW would stay in a trading range in 1998 and 1999. A little nugget of knowledge for you. I know, I was a client listening their recommendations until February 99. Best move I ever made was leaving PW. NW