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

To: John Koligman who wrote (48760)	2/18/1999 2:37:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

John: Having been on various threads with you these last two years, I know by now your strategy of getting out when you have a nice profit and then staying out until the inevitable periodic tech meltdown. Being out for periods reduces your exposure to risk. Let us assume for the sake of argument that a market meltdown from this point would produce a price of $35 for CPQ and let us assume that you would not catch the bottom while awaiting confirmaton of an uptrend, can I assume that the probable price at which you would re-purchase would be $37/38.? (The figures can be adjusted upwards if you think $37/38 would be the bottom). So a purchase in the $39-41 range would be very defensible given your belief that a good quality company will always "save your butt" if you get the timing wrong. The only time it cannot save your butt is if you don't own any when it turns around suddenly and gaps up several points, and then trends upwards.