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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mike da bear who wrote (11582)	12/15/1997 2:27:00 PM
From: Bilow	Respond to of 18056

Hi Mike da bear; I held puts on GTW until I realized that they have very low institutional ownership and that the exit from the tech stocks has been institutional. My work buddies are all buying tech stocks as fast as they can. GTW has way low insitutional ownwership, CPQ has way high. So I'm going to remain short CPQ until I see the institutions quit selling. Then I'll go short GTW expecting the little guys to catch up to the thinking of the big guys. Wish me luck, as that is the most useful thing when holding puts. No <g>. And I agree completely regarding those cable modem operations. As soon as the industry agrees on a non-monopolized standard the profits are history. This applies to everything tech ever does. Barriers to entry are the way to make money. -- Carl