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

To: Weekapaug who wrote (9245)	11/20/1997 7:10:00 PM
From: Daniel Martini	Read Replies (1) \| Respond to of 97611

>> I'm curious as to why your so down on compaq? >> I own alot of it and would appreciate your thought >> on subject. Truthfully I think compaq has a bright >> future? What gives? Ken: I am not down on Compaq. I want to buy my shares back so bad I can taste them. I think they have a fabulous future relative to other stocks in their universe. I am quite simply not convinced that we have seen the worst of the volatility yet. I am not a particularly conservative investor, but I don't want to take a haircut if I don't have to. So I may miss a few bucks on the upside; I want to buy with confidence. I cannot do that today. This is not about Compaq. They execute better than anyone else in the industry. This is strictly about external influences. They are the same company at $58sh as they are at $79sh - undervalued ;-). But, for me, that is an enormous spread to have recently covered as rapidly as we have. And that doesn't mean that I am confident that they won't be a part of a much larger train wreck in the near future. I really wish I could predict the future - I can't. But, I am heavily in cash right now. Its my choice when to buy in. All other things being equal, I would prefer to buy in after things calm down a bit. That may come after another dramatic haircut, or it may not come for some time. The shares will still be there when I want to buy them, and I hope at an attractive price. CPQ is on my Christmas list, but I don't always get what I want. If you got in CPQ at an attractive price, then you should feel good about it, particularly if you are a long term investor. My goals for individual investment transactions can't precisely be described as long-term. I don't short stocks, but I do often buy long for short periods. I hope I am wrong and that we see another 6 years of big-time bullishness, but I think we may be in for a period of "drying out", if you will, first. One leary investor's opinion. DM