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Politics : Idea Of The Day

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To: Tom Trader who wrote (15662)	12/17/1997 4:45:00 PM
From: Nancy	Read Replies (1) of 50167

TT, <<BTW, I agree with your friend re CPQ and the point to short the stock --I'll look to buy puts just before that level.>> Well, CPQ performed true to form - I didn't short it - busy trying to figure out how CSCO option symbols after split - sold deep in money call to protect my shares down to 70 (47 after split) Gut feel CSCO might miss. Oh, Schwab's system said I dont own underlying and wont let me sell the calls (not approved for naked at Schwab - need to fix it) so I wound up did it with Brown as naked call. Stupid Schwab system probably not recognize the new CYZ root effective today with 150 shares per contract. I need to get my Schwab account fixed to have level 3 approval. Have you bought protective puts on CPQ on its spike to 59ish for potential long ? the spike lasted probably 3 minutes.

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