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Technology Stocks : Compaq
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To: Eddie Kim who wrote (24693)4/21/1998 9:54:00 PM
From: Night Writer  Read Replies (1) of 97611
 
Eddie,
My position has changed to a more aggressive one on CPQ. I took a sizable loss on another stock. I can now afford to realize some capital gains. I did not sell covered calls on all my shares. If they are called, I will let them go and sell naked puts. If the puts are exercised, I will pick up shares again. Then I will sell covered calls on those shares again. Prior to the realized loss, I didn't want to realize any real gains for tax reasons. Does this make sense?
NW
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