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

To: Stevefoder who wrote (11985)	12/22/1997 10:58:00 PM
From: Night Writer	Respond to of 97611

Steve, Looks good to me. I currently hold 2 April 55 calls, sold 7 July 55 puts, and bought 5 July 45 puts. Plan on buying 2 more insurance puts at 45 or 50 if we get a little price jump this week or next week. Might buy 2 more 55 calls if price drops. Your 70 calls will split in Jan to 35. Careful, I sold 10 INTC 85 LEAP Jan 1999 puts week before market dropped. Looked like a lock at the time. So you can never tell. NW

To: Stevefoder who wrote (11985)	12/23/1997 8:37:00 AM
From: Lazlo Pierce	Respond to of 97611

Steve, I've been holding the CPQ 2000 80 LEAPS for a while (too long). I was in @ 15, and within 4 - 6 weeks it was @ 27, After the Intel miss last Q, I sold all my techs (INTC, DELL, NOKA, AMAT) but held the LEAPS in case I was wrong with my analysis. Then, every little CPQ rally I thought about selling, but also did not want any more 97 gains, also wanted to hold for the split. Oh well, can't win em all. I'm still holding, and there is plenty of time for a runup. Best of Luck. Dave