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Technology Stocks : Compaq

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To: Night Writer who wrote (63063)6/15/1999 1:18:00 PM
From: Windseye  Read Replies (1) of 97611
 
Yes, NW, but to successfully sell these PUTs one must have confidence that the stock will move up before it moves down enough for the buyer to put it to the seller. It's a gutsy move when you consider selling 200 contracts! (20,000 shares at $35 is $700,000 to be holding while the stock is sniffing along nibbling the edge of the teens!) Amazingly enough Dell is up today, so I suspect that the underground info network contains some fairly harsh whispered comments regarding CPQ which are affecting the behavior of the bigger players.

I suppose I prefer straight forward takes on what's happening rather than positive or negative hype... even if the "takes" are subjective surmises, based on years of watching and sniffing out the consequences of unseen factors at work.

Doug
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