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

To: Eddie Kim who wrote (33307)	9/23/1998 10:05:00 AM
From: Tumbleweed	Read Replies (1) \| Respond to of 97611

Definitions. Eddie, you said You're making the mistake of looking at the past, and perhaps not looking ahead to the future.The very definition of undervalued is that it will go up in the future. The definition of overvalued is that it will go down. I dont think so. Look up undervalued in a dictionary. I think you'll find that it has nothing to do with future performance, although of course a stock (like CPQ) may be undervalued solely because of what people think about its future prospects (or lack of them). Undervalued is a subjective term. You seem to be implying that there is some absolute, objective way of working out a number by which a stocks value can be assessed. Well, there isnt. There are lots of subjective ones, and objective ones that look backwards (and therfore say nothing about future prospects. Lets try a pragmatic, real world test. Which has done better over the past 12, 6 3 and 1 months, 'overvalued' (according to you) Dell, or undervalued (according to you) CPQ? What does that say about your assessment of value? Remember the end objective is to have stocks that go up in price, not stocks that are 'undervalued'! JoeC