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

To: Richie who wrote (42754)	1/8/1999 6:45:00 PM
From: rupert1	Read Replies (4) \| Respond to of 97611

Richie: I have traded CPQ 5 times since the first time it reached $44 3/4 and $45 and bought back more each time. I think that the spike to $45, which I had expected might, be more than a spike and produce a further spike to $47 before earnings. These are choppy waters and fast currents. I no longer think it a sure thing to sell in confident anticipation of a pullback to $41 or $42: but I am not convinced that it could hold much higher levels until earnings or a day or two before earnings. If it goes to $47 next week I might sell for a pull back to as low as $43 or $44 before it recovers $47 before earnings. I still think that $48-52 will be the range after earnings and then there will be a temporary pullback. I still expect it to achieve $75 + later in the year. I would not be surprised to see $100 with a split sometime in the year. Momentum makes an ass of logic in both directions, and the possibility(probabilioty)of some blockbuster announcmenet has to be taken into consideration. I think it is one of those occasions when "Hold" is a good strategy if one has a position, and "Accumulate" if one has not. I am almost 200% invested. Have a Happy Heineken!