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


To: rupert1 who wrote (61299)5/14/1999 4:40:00 AM
From: rupert1  Respond to of 97611
 
$26.25 Frankfurt in the 1st hour on low volume. Off both its high and its low, for the day.



To: rupert1 who wrote (61299)5/14/1999 7:45:00 AM
From: DRRISK  Read Replies (1) | Respond to of 97611
 
Victor,

A great point, I hope.

When Gerstner took over IBM the mkt was in the toilet and his actions had almost immediate effect especially when he made large multiple block purchases of the stock on the open mkt. He bought the stock at its low 40-45. After his purchases the stk within one month rose from 40-60 never to look back. He also hired the CFO who restructured Chrysler for the task of cleaning(name?) who left after his job was over. What a resume fixed IBM and Chrysler!

We are in a very hot market and this company IMHO is not broken like IBM was. The AV factor as well as the immediate restructuring that will ensue will kick this stk out of the 20's for good.

DrRisk