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

To: Night Writer who wrote (84103)	8/9/2000 6:15:51 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

NW -- My feelings on cpq can not be changed. I will still have a little but expect the majority to be called on the 18th @ 30. At this time cpq is in a breakout that should go a bit higher but at some point it will pull back to a higher base. That base may even be above the 30 of my CCs. At 32+ IMO cpq is no longer depressed. Actually that may be a fair value for it IMO until they can prove a turnaround is in place and will be sustained. That will take more than a qtr or 2. Actually, 75% or more of cpq was going to be sold by year end no matter what. I do not hold companies I do not like for long. The options have put the holding in the black so I am very pleased to see most of it go. <<"Selling CPQ and jumping into a different depressed stock that might set for some time and form a base before it rises is one of the worst strategies I can think of at the moment.">> Possibly unless you consider some of this years trades were extremely profitable as most of my purchases were from last year or the early part of this year. I'm sitting on some obscene gains and way too much cash. Besides-- I never look back-- that is the biggest mistake anyone can make -- and have no regrets. Mistakes are made and IMO cpq was one of the biggest I made in the 80s and 90s. I live with them and expect them. The only people that never make mistakes are those that do nothing. If at the end of the year the portfolio is up more than 15% net I'm pleased,, more is better but 15% is satisfactory-- this year is a hell of a lot better than satisfactory.