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

To: Lee Martin who wrote (13508)	1/14/1998 2:16:00 AM
From: Dwight E. Karlsen	Respond to of 97611

Lee, I'm in CPQ and not INTC for the same reasons you state, and then some...like for instance there's virtually no chance for them to miss their earnings, which will be for the traditionally strongest qtr. You have more cajones than me, because I can think of several instances where a stock went up the day before earnings, and then tanked because results missed expectations. However, I did risk 40% of my remaining capital to be in Feb in-the-money call options (on CPQ and Nokia) as the market closed today. I agree, for those who are bullish on CPQ, the time to increase your position (for those who still have cash to invest) was when CPQ was at the 55 support level (or even 54-3/16) if a person was watching the intraday prices or had a limit order in. But for a really risky bet (like with Jan call options), there was no way I was willing to own those overnight while Intel did its earnings thing. Am still not 100% sure what I will do tomorrow, but if CPQ doesn't gap up too much, I'll do something at the open. DK