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

To: hlpinout who wrote (46941)	2/4/1999 8:30:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

Helpinout: I suppose it depends from what base line your measuring. If you came in at $23, for example, it has been more than a 100% gain in 3-4 months. It is a much more frustrating 25% if you came in about $39 in late 1997 or early 1998. The recent giving back of 10% of that gain must be hard to take. IBM has been losing a lot of its gains for the past week, I think more than $30 since its recent high, and DELL has been pulling back, too. I am not so agitated by "relative deprivation" as much as I am concerned that the self-fulfilling consensus might be growing that all techs are about due for a sharp correction. If that were to be the case, I would prefer to be buying CPQ again at $42 or lower, than at $45. As I write Asian markets are positive or only mildly negative. The UK and Europe got very good interest rate news yesterday and this should restrain them from being too affected by NASDAQ's plunge, although it certainly will be a temporary dampener until Europe sees how the US will trade tomorrow. Perhaps the size of the fall today will convince the market that bargains have already been created. CPQ is a good price at $45 even if it is would be better at $42. PATIENCE!