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

To: fooledalot who wrote (46169)	1/29/1999 5:51:00 PM
From: rupert1	Respond to of 97611

fooledalot: The simple answer is $160 because I would feel reasonably confident that I would get some rise out of it. But I can't give a compelling reply to that question. DELL is a quasi-internut stock now. There is a fever mentality about it. It is just a tad beyond the rational. Today, I was prepared to ride it for a few points for the day only and on momentum alone, but was very reluctant to pay more than yesterday's close and hoped it would go lower before I bought - you know the rest of the story! Best not to get carried away, though. Remember that 5 points in DELL is about 2 1/2 points in a CPQ. I would be so much on edge if I had bought into DELL at these levels. But other companies can give you appreciable percentages if you trade in and out, without the light-headedness DELL would give. If CPQ starts to move between say $42 and $49, as it moved between $27-$34, you could make as much money trading it as you could sitting in DELL for a roller coaster ride. Or, more hopefully, if it were to start moving between $49 and $58 you could achieve the same result. I think the whole market has been infected a bit by the internut craze and the mini craze around DELL. It is affecting people's judgements and frames of reference. Preservaton of capital is so important. It might be better to put blinkers on and forget about the wild stuff, act as if it isn't there, and pick some solid growth companies. While a market correction is possible, the market will be moving higher and it would be a shame not to be fully invested or to be fully invested in a stock that just sits there.