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

To: tang who wrote (22033)	3/16/1998 1:30:00 PM
From: Andreas	Read Replies (3) \| Respond to of 97611

The quality of the posts on this thread sure has gone to hell in a hand basket while we all sit around and watch cpq trade day in and day out at 25 1/2 give or take a quarter. In a nutshell there is nothing to do or say until the next round of news - whenever that may be. In the meantime - have any of you fellow call writers noticed that the time premium on cpq calls has likewise gone to hell in a handbasket. Makes it tough to roll down when the stock takes a ten point hit and the damn options going out thirty days are worth less than a buck. For anyone in cpq above $30.00 this stock has turned into an unmitigated disaster unless you just sit around and wait and wait and wait and hope and hope that by some miracle cpq will be able to pull this mess off. In talking with my broker who by the way warned me about cpq before the recent bloodbath (the big guys already knew) he told me that a lot of people are wondering if EP took a stupid pill. The word on the street is that cpq has managed to very quickly dig themselves into a major hole and basically turn a strong company into a mediocre piece of crap that nobody wants right now. I asked him about fundamentals and cpq being a strong company with lots of cash. He said - get real, who the hell wants to wait a year? I said, why so long? He said - come on - everyone knows that next quarter will be shitty also. Then you've got the dec merger write-offs for the next 6 to 9 months after that. And further more, DEC's is expected to warn about a disaster quarter coming up. I asked - how could things do a 180 so damn fast. He said, "easy - EP got too cocky and arrogant and grossly underestimated ibm's pricing pressures. Furthermore, Mason's number crunchers weren't telling how shitty it was really getting and trying to schmooze the 4th quarter which is grossly inflated. The inflated (non-real) 4th quarter numbers are being taken out the 1st quarter. He said channel stuffing was going on throughout December and January and shareholders get to now pay the price. He also stated that cpq's efforts at bto have totally bombed and people are getting canned left and right because they can't get the job done. Finally, he said that fund managers and big money movers have lost a lot of respect and confidence in EP and his gang." Well, a lot of this rings true with me. Let's face it - now we have hpeace disappearing from the face of the earth to work at cpq. Here's a guy who supposedly had a major import business, was building churches in other countries, told everyone not to worry because he saw cpq crash a million times before and on and on and on. Oh yea - don't forget he took a beating on his bull put spread on smod and also said cpq would make their earnings. The way I look at it, if cpq really hired hpeace then we're all in deep shit.