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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (15144)3/18/1998 7:49:00 PM
From: Chris McConnel  Read Replies (1) of 94695
 
I've been buying CPQ calls, too, but sticking to the ones that expire in Jan00. Want a real long horizon on these, not real sure what will happen at this point. The Jan99 are a good deal right now (possibly cause so many are trying to write covered calls?) and are very tempting. Also bought some July98 22.5 put, just for a short term hedge. That latest Salomon Bros report was predicting a loss for the 2nd quarter, so just wanted a little protection.

- Chris
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