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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (2017)	4/1/1999 9:06:00 AM
From: UFGator93	Read Replies (2) \| Respond to of 3187

Herc, Have you visited the thread of an internet stock? I think those have a much higher love-affair aspect than this one. I don't want to turn this CPU board into a discussion of those, but I would point out that people will defend the valuation of stocks like AOL, AMZN, and ATHM no matter what it becomes. That's true love. As for CPU, I don't think that enough people on this board are correctly estimating the amount of negative sentiment on the street for this stock at this time. One little announcement, upgrade, positive quarter, etc. isn't going to turn the price of CPU back into the mid teens where it was. It's a Wall Street anti-darling in my opinion. With a Wall Street darling stock (e.g. AMZN), bad news is almost completely ignored and even the slightest trace of good news sends the stock higher. With an anti-darling stock like CPU, good news only causes a temporary spike which those that have already lost big sell into. The stock price goes up following good news but then drifts back to its pre-news price. Any bad news takes the stock lower, well below what it should. I believe that's what we've seen and will continue to see with CPU. Unlike most on this board, I don't think CPU will see 10 any time within the next six months. Maybe not within the next year. I hope I'm wrong. That said, I believe CPU is a great bet for 15-17 within the next two years. I believe it's oversold. However, the internet stocks have convinced me that valuation only matters to a point in today's stock market. Market psychology associated with a stock is also important and must be monitored. I believe CPU's is negative... for now. Please no one accuse me of being a bear. I hold 1000 shares of CPU right now and am going to be buying more as I accumulate more capital. This is one where I'll be puting the money away and not worrying about it in the least. I don't think CPU is another BBY because it doesn't have the favorable product mix that BBY does. But I do think that its business will improve. Damon