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

To: Satish C. Shah who wrote (32478)	9/8/1998 6:50:00 AM
From: Weekapaug	Respond to of 97611

Satish, Don't count on the Globex for anything more then the opening trend IMO. I watched it since Sunday night, which was down, just a tad. May be nothing more then short covering IMO? What bothers me the most, was an article in the NYT on Saturday, about "Labor Moving to the Left again", as it did in 1968..... Will it hurt CPQ? I doubt it IMO. I plan on looking at stocks that did well from then to 1975. I know, it's history. But, history has kept me out of some "real losers". If interested? Securities Research in Boston offers long-term histories...Or visit a financial library in major city. Ken

To: Satish C. Shah who wrote (32478)	9/8/1998 7:03:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Sometime in the next four quarters, CPQ will achieve, or will be considered by the market as being about to achieve, $2.0 per share. And there will be a period, however brief, when it will attain a p/e of 30 of trailing or near future earnings. Hence my expectation of $60 within the next twelve months. As always my fear is that it will attempt a buy-out of a networking company, before the CPQ stock price has established itself at a higher trading range, thereby depressing performance. My forecast for today is an intra-day rise to $32.6543, closing at $31.75 In Europe, Tuesday, it is calm. Lots of speculation about Russia. Some navel gazing about the recent rises in Asia. Perhaps Japan was "just" technical; HK still vulnerable to all the equities bought by the government: Singapore vulnerable until it closes down currency trading next Monday. But some analysts are detecting a shift in sentiment - a feeling that an era of falling interest rates in the US and possibly in the UK - (even if only in the anticipation) - will alter the expectations in Asian and bring about more positive fundamental changes in the dynamics of Asian economies. Another leading article in the UK Times still insisting on the theory that there will be a bear market in the US which will reduce the value of the dollar and with it the value of the pound sterling, and this is posited as being good for British exporters. (However, the author of this bear market theory, and a crash of 1987 proportions, which I mentioned last week, wrote another article in which he pointed out that as an economist he is not an expert on stock markets and that he may be wrong - which was good of him). Still think that the US market very vulnerable to tax selling this year, especially as there is so much in paper losses to take advantage of. Good luck today. Victor