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

To: JPolo36 who wrote (20600)	3/8/1998 1:12:00 AM
From: JGibbs	Respond to of 97611

I am long on CPQ also. Will buy more if it dips to 22.5, I think that there are literally millions of people that will start buying computers instead of $120 Nike's for their teens. It's just a matter of time before there is 1 (or 2) computers in EVERY home.

To: JPolo36 who wrote (20600)	3/8/1998 1:17:00 AM
From: Hector	Read Replies (1) \| Respond to of 97611

I predict CPQ will open around 24, rally up 2 points, and then continue back down into the high teens as those people who bought on the dip last week will sell out. My read on what is happening is that money managers are starting to have doubts about the wisdom of being long tech stocks in this kind of manic market. They'll want to contain the losses they are sitting on. Additionally, the dipsters on this thread, who will be buying after the open, will want out at any price after the price starts heading down again below their purchase price. I guess what I'm saying is that "selling will beget selling" next week, not only in CPQ, but in most other stocks also. Dave

To: JPolo36 who wrote (20600)	3/8/1998 11:35:00 AM
From: Mike Gordon	Read Replies (2) \| Respond to of 97611

<1) I believe with this piece of bad news out of the way, it would take another major piece of bad news from the company in order for this stock to go down, which I believe is unlikely.> JPolo36 Have you considered the following: 1) Pre announcement of DEC poor earnings. 2) Major decline of market due to, Higher interest rates, resignation or health problems with key financial leaders. 3)Major market decline due to adjustment. (Hopefully, short covering will establish 25 support level) In summary what is the short and long impact (3 weeks to 1 year). What defensive positions should be employed? Mike Gordon