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

To: Jimbo Cobb who wrote (8356)	12/18/2000 10:08:50 PM
From: Night Writer	Respond to of 12663

Jimbo, I've got some old single digit CPQ shares. You might as well try for some, but don't hold your breath while waiting. I spent part of the day restructuring my 2001 CPQ naked LEAP puts. I made some nice $$ retiring the 25 strikes this year. Currently have: 2002 20 & 25 strikes 2003 30 & 35 strikes Distribution is 30,10,10,10. If CPQ hits the $25 area next year, those positions should furnish a decent profit. Highest net stock price if put to me is $22.80. The rest are in the teens. Might not be a bad idea to look at selling 2002 naked puts. The 15 strike was $2.60 today. Free money if CPQ is above $15 next January. Cheap stock at about $12.50 if it is put to you. Not exactly single digits, but close to it. Also at $2.60 you could roll it out and down to $12.50 next December if things are really grim. No fair LEAPing with your clothes on! jajajajajajajajajaja!!!!!!!!!!!!!! NW