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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?


To: Richie who wrote (4764)10/19/1999 1:32:00 PM
From: Edward E. Shure  Read Replies (1) | Respond to of 12663
 
Richie
I think if DELL can hold above 36 or so for the next few days then it would be worth while holding, if it went to 34 or so my feeling is that it would be a broken stock for a quarter or so and people would back off waiting for an entry in the 31 or so range. In any event this is just my gut feeling and I am by nature a bottom fisher which with DELL would not have worked in the past. Am presently watching XRX and OMX along with HUM at these levels. The CPQ Nov 22 1/2 (CPQ KX-E) calls are presently at 9/16 by 5/8, could buy CPQ at 20 1/16 today and sell the Calls for some downside protection. If it does spike to 22 1/2 and get called you would have a nice return for the month, does seem to me that CPQ has a better chance of staying above 20 vs going below, again just my personal opinion so don't trade on it.

EES