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

To: MarkM who wrote (30706)	8/8/1998 11:15:00 PM
From: Merlo	Read Replies (1) \| Respond to of 97611

As the one who said the market was overbought several days before the big down turn and several days later said "this is not a bear market be buying more CPQ and several other stocks". Now I'm going to say it again, there can be no bear market unless the internet stocks and CSCO correct first. We will have several more corrections because of all the technical damage some stocks suffered in the last correction. If I see the internet stocks taking a beating then I'd be worried. With Internet stocks sporting PE's of 300 to 1000 and near their all high's how can this be a bear market don't make sense. The internet stocks are now considered the Bell weather of this market as crazy as it may seem.

To: MarkM who wrote (30706)	8/8/1998 11:15:00 PM
From: CGarcia	Read Replies (1) \| Respond to of 97611

Mark you are very conservative with your prediction...I have 2,600 shares, in fact 98% of my portfolio in Compaq because I can see the light at the end of the tunnel....This baby will be in triple digits sometime late next year...the profits are going to surprise on the plus side and pretty big too....We saw Dell stock rise about 500% this year at one point...No way I'll believe a strong company like Compaq can't at least do half that good in the upcoming year, with all it's recent good news!