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: wayne nikituk who wrote (62123)	5/27/1999 2:54:00 AM
From: rupert1	Respond to of 97611

wayne: But so far your bullishness in the extreme has been dead wrong. Since this is all in good fun, let me remind you that I started to buy into CPQ in July, 1998. By October, I had got my average down to about $25/26. The share price dipped to about $23. We had a competition to guess when it would reach $50. Apart from myself, the earliest date was, I believe April, 1999 and most estimates were in the May-October period, 1999. I chose, 26th the February, 1999. It reached $50 intraday in early January and again in late January. So my winning of that competition should give you pause before you say I have been dead wrong. I also said at the time that I thought the proper price by mid-January should be about $42 and that the move to $50 was an unsustainable spike. I actually sold at $50 and $48. Unfortunately, I bought again at $41 - so I am not perfect, even though I am as close to perfect as a mortal being can become (and I can provide references from Elwood to that effect). EP and Rosen did not sell their shares in January, either and they had much better information than I had. If I were to believe, as you do, that "by December this stock will not be much higher than $30" I would not be invested in it. Maybe the time is coming closer for a new competition.