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

To: Aitch who wrote (47293)	2/8/1999 4:54:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Aitch: I thought you had said you entered a buy order at $41+ and a sell at $45 +. Your $43 forgotten order is one of the reasons I don't use good till cancelled orders. But who knows, perhaps it will turn out to be a happy accident. I agree that longs should not really be concerned about CPQ (unless they are on margin). But traders, like me, might find it more difficult. I think that two scenarios continue to play out. The first is recovery of some of its recent losses - to $45 and maybe to $47: the second is a return to $42 and, if the tech sector tanks, perhaps to $40 and even, in extremis to $38. If the tech sector tanks then I think the general market will follow. I would think that the opening bias would be towards the first scenario today. There should be an attempt at recovery. The fortcoming DELL results and the aftermath will create a catalyst. Perhaps there will be another dive after that if there has not been one before. I would guess that after it is over, CPQ will bounce around for a time in the $40's until sentiment begins to change as the market looks forwad to next earnings and to a clarifiction of the AV deal (although I think the relatively new fascination with AV is a distorting factor). I satill think it will be $50+ in md-April and might spike to $60. In the short term, I think that other stocks offer as good or better prospects than CPQ does. I have not decided which I like best. Unlike you, I like INTC especially if I could get it $10 or $20 lower than it is. I think that the LU and CISCO rivalry is interesting. Long-term I would prefer LU - but its valuation is stretched right now and the ASND merger is going to obscure visibility. I have never liked CSCO but have to bow to its first-place status for most institutional investors.