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To: Rock_nj who wrote (67594)4/11/1999 8:54:00 PM
From: J. C. Dithers  Read Replies (2) | Respond to of 119973
 
Great buying opportunity for Net stocks tomorrow.

Compaq is down because computer prices are falling and profits are shrinking. This is only good news for Net stocks because it is lowering the entry costs for new Net users. Net stocks will fall tomorrow on typical market overreaction, and then roar back on upcoming earnings. Great bargain sale day to spend cash on the Net thoroughbreds!



To: Rock_nj who wrote (67594)4/11/1999 11:59:00 PM
From: pressboxjr  Read Replies (1) | Respond to of 119973
 
The futures are down that hard solely because of Compaq?

Rock, I don't remember the futures being down this much after the Dell fiasco. And it's not like other companies don't warn about earnings.

My guess is probably a grab bag of things. CPQ, Kosovo, Russian threats and whatever else anybody can think of. So, in essence, yes, maybe an excuse for profit taking.

It is rather disturbing to see the futures down this much though. Looks way overdone IMO.