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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (28111)	11/10/1997 10:56:00 AM
From: Kevin Walsh	Read Replies (1) of 58727

Good Mon morning Kevin and all, Sold my 8 CPQ Nov 65p @ 3 3/8. Bought them last Wed for 2 3/8. I sold them just after open because I felt the way the market was opening, the premium would drop even if CPQ stayed flat. It turns out I timed it right for once (the open at least - it will probably continue to drop now) - 3 3/8 is the high last I checked (before I caught up with SI this morn) it was @ 2 5/8, now I see CPQ down 1. I was hoping to buy them back cheaper, looks like I wasn't quick enough. I'm home today trying to get a doctor appt for my knee, which like my trading account is getting stronger but there's still pain. Take care, kw.

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