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

To: Howard Wong who wrote (8685)	11/7/1997 8:59:00 PM
From: g_m10	Respond to of 97611

-I am worried that it has a dangerous change of sinking through _$62.00. Sorry for jumping in. I'm just glad to see that I am not alone on this thread. Graph does look scary. Next support seems to be at $57 level. Even at that price P/E still almost twice higher than CPQ normally had - 13-16 if memory serves. If market stabilize in a couple of days I wouldn't worry to much. What if not? Will $57 support the price or it may go even lower and how much? I know some stocks, like MSFT, always have P/E above 50 even when co's management begging to drop the price. CPQ never had that privilege. Any opinions? TIA