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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (52849)3/11/1999 4:14:00 PM
From: Night Writer  Read Replies (1) of 97611
 
El,
I'm starting to think without any news release we may be slowly heading for the 20s again. People are in a panic. The blood is running based on rumor and fear rather then facts. Compaq has not warned about missing the estimate.

I'm lining up some bonds to sell in case I get some stock put to me by a put buyer. I also want to nail 2,000 more shares. After that, I will sit and wait time.

This time I will sell covered calls when we hit 50 on 25% or 50% of my position. Depending on the picture at that time.

NW
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