Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Howard Feinstein who wrote (52309)	3/9/1999 3:44:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

Howard: DELL, GTW, HWP and others all had falls similar to CPQ's recently. Nobody is saying that that is attributable to a slip of the tongue or phantom warning by their executives. They fell because they always do at this time of the year, because the market was in a correction and because DELL scared the analysts about the PC market when it slowed from 50% growth to 38%. The analyst's used the alleged CPQ guidance about January sales of PC's to confirm what was their predisposition anyway. I think that the stock is now suffering from the conventional wisdom that it cannot rise until earnings confirm robust growth: that there are better short-term opportunities elsewhere: that the stock faces short-term risk. I think institutions are very interested in buying CPQ big but some of them are holding out until the last moment or until upward momentum is confirmed. I think that improvement should be confirmed by the last week of March. Three years ago, CPQ fell from $51 to $37 in a couple of days. It took two weeks to get back to $39, another two or more to get to $41 then a move to $43 was quickly followed by $47. Within a couple of months of that it was $57 and by the end of the year even higher still with splits.