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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (72841)11/29/1999 10:47:00 PM
From: MeDroogies  Read Replies (2) | Respond to of 97611
 
I'd think we'll see 28 w/in 2 days...if not by the end of the week.
I'm not into TA, but I like to play it at an amateur level....and it's been effective for getting me in and out at some pretty good moments.
Based on the charts, I think CPQ is following a upward cycle that should take us to 28 soon. I would think that once that happens, some people will begin to run for cover...which could push it up to 29/30.
Call me an optimist.



To: James F. Hopkins who wrote (72841)11/30/1999 12:14:00 PM
From: Night Writer  Read Replies (3) | Respond to of 97611
 
James F. Hopkins,
Selling 2002 calls at 35 is a short play. As the price of CPQ goes up, it will cost you mucho bucks to buy the calls back. Suggest you sell puts, or buy calls if you are bullish on CPQ.

If you sold Covered calls, you will loose you stock appreciation minus any time value if you buy the calls back.

That or I'm totally confused by your post.
NW


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