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

To: hpeace who wrote (8715)	11/8/1997 6:44:00 PM
From: ScottT	Read Replies (2) \| Respond to of 97611

<the market isn't logical> But is it efficient? ScottT

To: hpeace who wrote (8715)	11/9/1997 3:07:00 AM
From: ed	Read Replies (1) \| Respond to of 97611

You are right the market is not logial, and it will never be !!! CPQ is a good stock, but with the world still in a financial crisis, I do not know how can CPQ sail safely alone in short term. When the big storm comes, it wipes out everything.In the past couple of weeks what we are discussing is under the assumption that the currency problem is only limitted to the south east asia in countries like phillipine, thailand indonesia ....etc, as long as China and Japan is not invoved, it will be ok!!! Now with Japan starting to show signs of unstability, people started to sell Japanese Yen like crazy last Friday, and stock market plunge . In Korea , the stock market droped significant last Friday and it did not stop on Saturday. Hong Kong resumed its big drop last Friday, and still fighting for its currency, just remember the ratio between Hong Kong's currency to that of China is about 1.1 : 1, if Hong Kong ends up can't protect its currency, I do not know what will happen to the Chinese currency.In Taiwan, The currency has dropped from 27.5 to 31.05 vs US dollar, and still did not see sign of stop. As we realize that Japanese had a lot of bad loans as a result of bubble economy, and they are still suffering from it up to today, The Japanese government issue a lot of loans to the S.E. Asian countries, and it looks like it can't never get those loan back. Now, domestically in Japan, we start to see signs of unstability, with massive failures of corps, the bank system will start to show problems.Sooner or later this crisis will impact everywher if Japan can't stop this crisis out of its door. Just last Friday, we see the resumption of big drop in stock market again, in Europe, in Asia, and in South America, it is everywhere, for next week, we still wait to see. So this crisis started from S.E. Asia, then to Hong Kong, to Taiwan, to Kprea, and now wee see Japan has problem, it is not limitted to S.E. Asia anymore, I hope the south America will not show problem either. This is the reason I said the stock market will never be logical and it will never be. When the big storm comes, it will wipe out everything. Now , we see that the S.E.Asia currency crisis is not limitted to S.E. Asia anymore. CPQ is a good company, its stock will continue its run up after this crisis, but short term we just do not know when this crisis will end and end at where. CPQ can not sail safely alone in a big storm, that is why I say short term it "may" drop to $50 and start run up again after everything is settled. As to if CPQ will be $80 or $100 is everybody's guess under the current worldwide financial environment !!!!!!!!!!!