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Technology Stocks : Compaq
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To: hpeace who wrote (10764)12/10/1997 6:22:00 PM
From: Sundar Rajan  Read Replies (2) of 97611
 
steve - I have a number of CPQ Jan 70 call options both in my trading and IRA accounts. These were bought much higher than the current price and instead of selling the ones at a loss, I kept adding on weakness and even the new ones are at a loss now. I need Jan 70's to trade above 6 or 7 by jan expiry. Do u think this is possible ? Can CPQ reach 73/74 by Jan 2nd week? I would never have doubted this if not for the recent spate of downgrades from DLJ, Lehman etc etc

thanks
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