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


To: Bazmataz who wrote (56157)4/9/1999 7:38:00 AM
From: rupert1  Read Replies (1) | Respond to of 97611
 
Yes. The big down day you are looking for happened six weeks ago when it dropped from $41 to $35 and then on down to $29. You should have been short in the $40's and should have covered many times since. Your last chance to get out at the very bottom was yesterday -but you wouldn't listen.



To: Bazmataz who wrote (56157)4/9/1999 7:55:00 AM
From: isdsms  Read Replies (1) | Respond to of 97611
 
In an earlier post I stated why I felt that earnings and revs would surprise and that there would be positive sounding forward comments. The smart $ sees the obvious and is waiting to pounce on cpq at the first sign that the bleeding here has stopped. How many here are about to add to their position??? Maybe even you Baz, will take a long position! Even though I despise the two bozos at the top, especially Mason, I am going to jump heavily onto this pig. I don't know where or when, but today may be the day. 28.5 sounds real good to me. Cashed out of sch, after outstanding gains and will dump more into this pig for a quick and profitable ride back up. After that I will sell all and never touch this company again unless Mason is fired. Anyhow I am a "macaddict" and should have never invested into a company selling an inferior product in the first place!



To: Bazmataz who wrote (56157)4/9/1999 2:04:00 PM
From: Night Writer  Respond to of 97611
 
Bazmataz,
IMHO The big down day happened on Feb 26, 1999. I remember it because I was traveling home from a ski trip. Didn't have a clue until I got home. Found out CPQ gapped down at the opening and had a record number of shares traded. Something like 70+ million shares.

I had previously pegged the bottom at $37 1/2, and $40. I sold July puts at those two strike prices with excellent time value.

Earl Masons comments on soft small business PC demand are history now. Those comments adjusted the bottom price thinking. Needless to say, it is hard to close puts out from 30,000 feet. With the gap down on opening, it would have been a tough move anyway.

IMHO right now, I think this week is the bottom. Anything around $30 is a winner. It will take some serious bad news to hit $25 or $28.
NW



To: Bazmataz who wrote (56157)4/9/1999 4:55:00 PM
From: Kenya AA  Respond to of 97611
 
Baz: Don't cover yet. Any questions???

K



To: Bazmataz who wrote (56157)4/9/1999 5:08:00 PM
From: Night Writer  Read Replies (1) | Respond to of 97611
 
Bazmataz, Congratulations. The bad news came in for you. You are on the right side of the fence with CPQ. I'll be looking for a new low as some as I can buy some puts back.
NW