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

To: rupert1 who wrote (80645)	4/2/2000 5:11:00 PM
From: rudedog	Respond to of 97611

Victor - thanks as always for your cogent commentary, and for the kind remarks. I do tend to forget that for many, the justification, and pressures, of investing are a lot different than they are for me. I inherited a small portfolio in the mid-60s - a few hundred shares of US Steel, Ford, GE, my 1/30th share of my great-grandmother's holdings when she passed on. I did almost nothing with that except to sell the US Steel stock and put the proceeds into paying for my engineering degree... my first ventures into tech stocks were in the late 80s when I bought a few hundred shares of INTC and MSFT, then SUNW. Later sold the Ford and GE and added CPQ. Pretty much buy and hold, I didn't even check the stock price more than once or twice a year!!! I started paying more attention to my holdings in 1995 and really only got to the point where I paid daily attention to my investments in 1997. The particular trade that gave me the cash for the original CPQ options trade last year was selling puts on Intel - which subsequently dropped even more, I was at risk to have the stock put to me for a while. I had previously mostly sold covered calls and had never bought calls prior to that trade. But in the "casino" category, nothing compares to my purchase of NETP - I had no idea what they even did, let alone any grasp of the fundamentals, likewise LDP (LPGL at that time) and VERT... those really were slot machine plays and the resulting months of uneasiness probably cured me of that class of investment. All eventually paid out nicely but I have no idea why... I agree that the big win for CPQ will be late in the year or even early 2001, but I expect substantial improvement before that. If earnings are OK this quarter, and the guidance management has given appears to be in line with results and company performance, I would expect buyers to start moving in, anticipating that run up.