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

To: StockMan who wrote (10473)	12/8/1997 3:30:00 PM
From: Elwood P. Dowd	Respond to of 97611

Stockman....is your underwear too tight, OR WHAT??? Why don't you give it a rest! Stephen

To: StockMan who wrote (10473)	12/9/1997 7:29:00 AM
From: Bilow	Read Replies (1) \| Respond to of 97611

Hi StockMan; Yeah the street knows something, but it may not have as much to do with CPQ as with the street's outlook on the economy as a whole: My (2Q97) figures for institutional ownership versus total shares (Value Line, October 24, 1997) and price change since 10/1/97: Shares Price Stock Inst Total IO Change ----- ---- ----- ---- ---- GTW 40MM/154MM = 26% + 1% HWP 500MM/1040MM = 48% - 5% DELL 182MM/340MM = 53% - 3% CPQ 532MM/760MM = 70% -13% Maybe somebody has better institutional ownership numbers. It would be nice to look at just the float instead of the total shares, as I used. My suspicion is that the numbers still rank the companies in about the same order. You could also take a look at price changes relative to a different starting time. I chose 10/1 cause thats when it started to get obvious that the South East Asia financial debacle was going to have repercussions on US growth rates. It appears to me that the institutions are selling stock to the retail customers. It seems like what is happening is that the retail customer is ignoring the economic news, and using the quite successful technique of buying the dips. Naturally this tendency results in a weakening of the institutional stocks relative to the small investor held stocks. -- Carl