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Technology Stocks : Compaq
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To: Challo Jeregy who wrote (22484)3/18/1998 8:38:00 PM
From: Mike Gordon  Read Replies (1) of 97611
 
Challo: Thanks for the words of encouragement. I'm not going anywhere because I still have positions in naked calls. They were covered until I sold the stock out from under them. This IS NOT a safe or conservative way to play the market. I will offset them with the sale of 22.5 puts if and when CPQ migrates to <22.5. In the long run, CPQ is a money maker. Regardless if your a trader or long term holder. Review long term charts and they tend to point to better times ahead. However, potential price wars and general market conditions could cause additional losses to 20 (JMHO). CPQ will not go out of business. You have to have some faith in Pfiffer with his plans for DEC. Good Luck for tomorrow,

Mike
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