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

To: Mohan Marette who wrote (19383)	3/5/1998 12:48:00 AM
From: George Dvorsky	Respond to of 97611

MM/all, Remember that a 'normal' p/e for intel is between 8 and 15. A boxmaker, even as powerful as CPQ can see p/e's of between 8 and 12. If there is slow growth ahead, there is no way CPQ will command a p/e of 20. As for sentiment, this board was very bullish from 37 to 35, outraged from 35 to 32, happy to buy from 32 to tonite, and now starting to wait for 26. If this was my only indicator, I'd predict breaking 25 in a day or two if no other news comes out. Don't fire 'till you see the whites of their eyes. All I see now is red... gd