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


To: TLindt who wrote (28647)7/8/1998 2:32:00 AM
From: Uncle Frank  Read Replies (1) | Respond to of 97611
 
>CPQ gonna run from here? Why the hell not I ask....

1. Missed earnings last quarter by about $500,000,000.
2. Analysts are projecting ZERO earnings for this quarter.
3. No one is sure they will be able to ingest DEC without heartburn.
4. The herd has rotated out of the computer sector, having become Insane for the Internet for the moment.

I'm long cpq, but thinking they will run this quarter is a little too optimistic for my taste. I think we'll be stuck in a channel (27 to 33) until they post some stellar numbers. Meantime, I'm going to trade the swings.

jmho, Frank