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

To: Adam Nash who wrote (24111)	4/8/1998 6:33:00 PM
From: Diamond Jim	Read Replies (1) \| Respond to of 97611

I surprised at how greedy some people on this thread are. I guess if your day trading, 1/4 point, 1/2 point matters a ton. I find it amazing that there are people lurking, waiting for 22. Come on. If you believe CPQ will be in 40s in 3 years (an annual return of 25-30%!) why take the risk that it will never get to 22? 24 seems pretty cheap to me. -- Your statements make as much sense as judging a movie from seeing one frame out of millions. I find it amazing you can make such grandiose assumptions with no more knowledge than that. Maybe I have positions at 32, 27 and want one more at 22. In the 40's in 3 years ? If that's it, maybe I don't want any more at all. jim

To: Adam Nash who wrote (24111)	4/8/1998 7:47:00 PM
From: Satyr	Read Replies (1) \| Respond to of 97611

RE why take the risk that it will never get to 22? 24 seems pretty cheap to me. As I am sure 29 27 and 25 did. The reason for waiting for 22 is that must be where his analysis says the stock could go. This stock is not going take off anytime soon. Maybe he's right if the techs keep weakening 22 is a real possibility.

To: Adam Nash who wrote (24111)	4/9/1998 3:40:00 PM
From: Trader J	Read Replies (1) \| Respond to of 97611

Actually, I hear where you are coming from. I can point at a couple examples that prove how much of an error in judgement that could be. But, if you are averaging down, then you need to place your next entry point, and being unemotional about decisions is extremely important, at least in my opinion. But I remember when I bought AOL on the first day of public trading at $11.00/shr. My friend was very upset at me because I did not tell him right away that it had started trading. It was at 13.5 and he figured the near-term upside was out of the stock. He never bought in. He wanted 500 shares and he never spent the extra $1000 to get it. Do the math, what a mistake. What was even more of a mistake..... Me selling at $15.00 because I didn't like the price action and thought it was going to head south. Big, big, VERY BIG mistake. But I still try and stay unemotional when picking my exit/entry points. And damn if I try not to look back. heh. Human nature. Take care and good luck. Jeff.