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

To: Joe Sabatini who wrote (20913)	3/9/1998 9:08:00 AM
From: Nick	Read Replies (1) \| Respond to of 97611

I agree with your statement that upgrades and downgrades are self-serving nonsense. However, they do move this price of stocks, and therefore we HAVE to pay attention to them....Whether we agree with them or not. Nick

To: Joe Sabatini who wrote (20913)	3/9/1998 9:16:00 AM
From: Wallace Rivers	Respond to of 97611

By and large I agree w/ your assessment of investment houses. However, in this case re CPQ-DELL, I think DLJ has made a gutsy call, not too often made in the brokerage industry - it's called "Buy low, Sell high"!

To: Joe Sabatini who wrote (20913)	3/9/1998 10:00:00 AM
From: E.H.F.	Read Replies (1) \| Respond to of 97611

Joe, time will tell. In any event DLJ has got my attention now. I bought into CPQ on Thursday, believing that the stock is close to bottom. Buying low and selling high is what it's all about, and I find it refreshing that there are some analysts out there that might even get it right some times. I agree with you that there are sleazy analysts out there, and I think that ML is doing a disservice by downgrading the stock of a good company when it has been beaten down in price. I've noticed that buy recommendations usually come when the stock is near it's all time high, and the sell recos come when it's near it's low. E.H.F.