Digital Equipment Corp. (DEC) Message Board

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Technology Stocks : Digital Equipment Corp. (DEC)

DEC 14.34

-1.7%

Dec 12 9:30 AM EST

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To: rich evans who wrote (3014)	3/6/1998 6:15:00 PM
From: George Dvorsky	of 3276

RE: "George, you have been right in the short term selling DEC..... you could miss the future profits easily in CPQ" If I may clarify my recent trading. My call option positions expired in Jan. (worthless). I jumped back in with April 50 calls as DEC ran up just before takeover announcement(instinct play/ lucky guess). As they ran 11 points into the money I bought protective 60 puts. When the puts expired, and DEC edged toward 60 I cashed in the calls (thank goodness). Then I did a compaq straddle, April 35 calls and March 30 puts (thank goodness again for the puts which cost less than 3/8). UNFORTUNATLY, today I became a bit more bullish and SOLD the 30 puts and bought the same type (but 1/3 less) straddle 30 calls / 25 puts (keeping the April 35 calls). Now with the compaq warning, even if it goes to 20 fast, I make 50% less for the sin of being more bullish, unless a miracle happens and cpq recovers by April. Call me Smokey, Yogi or Boo-Boo, but don't call me Ferdinand. gd

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