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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: nukid onWallSt who wrote (29426)	11/25/1997 8:01:00 AM
From: Kevin	Read Replies (2) \| Respond to of 58727

>>>Bought CPQ DEC65 on Friday 11/21(CPQ @ 64 3/4)...Today CPQ down again..Should I wait or get out after "TUKEY" days.<<< Hi MC. I'm assuming you're in calls. The reaction to DELL's earnings will be HUGE for CPQ. Either we'll finally get back on track and possibly attack $70, or the $60 support will be wiped out today. Lately, good stocks have declined on good earnings, but I'd still like to think that CPQ & DELL will both move higher (I haven't heard Mikey's comments about future outlook). If the street reacts positively to the earnings, my guess is CPQ will close @ $63 today and $65-66 by the end of the week. JMO. >>>What about WFC (drop 7 today, gain more than 18 last week)? Want to buy DEC280 put?<<< I used to trade this stock quite a bit, but I could never get a consistent read on its volatility. My guess is WFC wants to move back up to the $300-305 area, but I wouldn't bet on it. >>>A new trader......& your follow(er)<<< How 'bout a friendly suggestion? Go a couple months out with your trades. Alot of volatility from the foreign markets right now, and that has been a strong factor in our market (usually we move the other markets, but the other markets are moving us). You'll have more time for the stock to move your way, and that'll give you a little sanity each night. Hope this helps a little. Kevin