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Pastimes : Ask Steve -- Ignore unavailable to you. Want to Upgrade?

To: hpeace who wrote (4430)	12/9/1997
From: Lane	Read Replies (1) \| Respond to of 4749

Steve, you sound pretty sure of your cpq price target of 85. Am struggling with the decision regarding the bullput spread. Will need to close some puts sold on dell when it was in the 70s to free up cash tied up in margin. They are very profitable now and will most likely remain that way, i.e. expire worthless (in feb.), unless dell drops significantly. I still can't believe that cpq is not moving with the others. Again today it lagged. Somewhat disconcerting, yet seems like a great opportunity to take advantage of what must be distorted reality. What is your take? Why are they being held back? What is options parity for dec.?