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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (6651)3/8/1998 4:29:00 PM
From: jmac  Read Replies (1) of 42787
 
Your idea is probably sound. The tech sector is going to be rough for a while. Unfortunately, I don't have the luxery of being able to sell out. I have thousands of shares of INTC and CPQ. Both, with great gains and can't afford to pay uncle sam if i sell right now. I am going to sell covered calls against these positions probably on Tuesday (hoping for a rebound after the initial CPQ shock Monday morning). I am a very unhappy camper. I don't mind losing money when the game is played fairly but INTC and CPQ didn't do so. Not by a long shot. I sure hope the SEC looks into the games CPQ played in Decemeber to pick up the 4thQ numbers. I don't have any SI support to launch a private civil action against CPQ and INTC. Most of the posts have been supportive of INTC management. I am afraid that people who buy company stocks like INTC become groupies of a company and can't handle criticism.
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