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

To: Elwood P. Dowd who wrote (37665)	11/27/1998 3:00:00 PM
From: Night Writer	Respond to of 97611

IMHO Random thoughts and feelings. Not to be confused with facts. I think Compaq will hold 30 on a market dip. I think we are at the high of Compaqs range without the market making another run up. The Greenspan rate cuts have confused the market. I don't sense the year end shifting of portfolios. Good news is consumer spending. Bad news is Japanese saving. Seems like a lot of economies need economic help. IMF loans. Brazil, Russia, Asia. Europe is a shining light but the Euro is coming. What impact will it have. Is it good news or bad news for the short term picture. Long term it is a positive. Market is way up with all of these so so activities. Besides, we all know news goes in cycles. We have had good news for some time. Bad news can't be far off. If nothing else the big guys will start tax selling and drop the market 500 points. It might be for locking in profits, or realizing losses. Who knows. After that, more good news of some type will take us up again. I will be surprised if we see 10,000 on the Dow this year. NW

To: Elwood P. Dowd who wrote (37665)	11/27/1998 11:40:00 PM
From: Pruguy	Respond to of 97611

El, your looking at the glass half empty with no pending news, whats to stop the market. We are entering a time which is seasonally strong and tends to have some of the highest inflows of funds for the year. Expectations for 4th qtr. earnings are very realistic at 8-9%. I am a betting man and betting big with a margin balance just North of my eyeballs. I don't see any significant event derailing this rally which is seeing better broad participaton than anytime in the last 18 months. As to CPQ specifically, I haven't heard anything that would indicate anything less than an excellent qtr. Intel says PC demand is great, CPQ says demand is great and consumer confidence is on the rise, not to mention that businesses, in a recent survey, had only 10% predicing less employment in 6 months. The glass is not only half full but it is still being filled.