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Technology Stocks : Compaq

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To: hpeace who wrote (6011)9/25/1997 5:54:00 PM
From: zalesky   of 97611
 
To all: I just called up the Oct 75 call option on
CPQ. There are over 20 thousand contracts at this
price. This indicates MASSIVE RESISTANCE that should
not be underestimated. The Oct 80 and Oct 70 calls
were around 8,000 each-no big deal. Looks like a
trading range to me between 72 and 76 for the next
two or three weeks. In effect if you bought in above
76 or so its short term Dead Money. This resistance
WILL be taken out about 4 to 5 trading days ahead
of the earnings date. So dig in for a two to three
week siege and then a HUGE POP. LETS GET READY TO
MAKE SOME $$$$!!!!!
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