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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO

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To: Sergio H who wrote (595)7/5/1999 6:52:00 PM
From: Jibacoa  Read Replies (1) of 1316
 
Sergio:

Comdisco's July25 calls, closed Friday at 2 1/4.

CDO's high for the day was 26 7/8. There is considerably resistance at the 27 1/2 area.

I am hoping that with the coming IPO of PRISM the stock will overcome this resistance and at least re-test the previous high in the 31 area.

The 25 calls should be worth 6 if this happens, for a 300% gain. If the stock gets below 25 the calls will be worthless. I will keep a stop-loss at 1 3/4 for the calls.

Bernard
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