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

To: Obewon who wrote (11012)	12/11/1997 10:22:00 PM
From: Dulane U. Ponder	Respond to of 97611

I'll take any double digit I can get and believe that only the very best will deliver it in the coming year.

To: Obewon who wrote (11012)	12/11/1997 10:36:00 PM
From: hpeace	Read Replies (2) \| Respond to of 97611

obegone.....i never heard that much bunk in a post before<gggg> cpq blows the roof off this qtr and 1q too. cpq does on 3% of their biz in japan... europe will make that up 3 times.

To: Obewon who wrote (11012)	12/11/1997 10:56:00 PM
From: Daniel Martini	Read Replies (3) \| Respond to of 97611

Obewon: Your post is astute, measured and reasonable. Which means that certain CPQ hyperbulls here won't appreciate it ;-). Fight the good fight. DM

To: Obewon who wrote (11012)	12/12/1997 1:54:00 AM
From: Bilow	Read Replies (1) \| Respond to of 97611

Obewon, you got that right. Compaq is a better company and a better deal than the other box makers, except that since CPQ is the market leader they thus have more market share to lose. :) The only reason CPQ has been beat up is their high relative institutional ownership. This will continue until the institutions are out. The small guys will get out sometime after that, IMO. I'm watching the minute charts so I can tell when the big boys run out of stock. As far as the suggestion that the institutions are manipulating the price lower so they can buy it cheaper, that is the saddest bit of self-delusion I've read recently. What a joke. Sure the institutions are going to drive the price down when they already own 80% of the stock. And then buy it back cheaper? If so, it won't work cause the small guy is buying in hard on CPQ. And the small guys don't like to show a loss so they hold until the price goes back up. There is no way the institutions could organize such a move, and no way they could get more than their current 80% doing it. No, the big guys are locking in profits from that incredible move up that CPQ made this year cause they are looking at next year. I had puts on GTW last month, but when I realized what was going on, I sold at a small profit and switched over to puts on CPQ, which has so far been very kind to me. I may take profits tomorrow, if the blood really starts to flow. The great 4Q is last summer's news, and is no longer relevant. The problem is 1998, in particular late 98. The big boys have concluded that the economy is in trouble, in particular the tech part of the economy, and are getting out of stocks, particularly tech stocks. Besides, CPQ is not at bargain prices. Bargain prices for CPQ is trailing twelve month earnings P/E of 11. If that happened, you would see CPQ in the teens after split. Buy like a maniac at that price. -- Carl