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

To: Dulane U. Ponder who wrote (17712)	2/19/1998 9:11:00 PM
From: Mike Gordon	Read Replies (1) \| Respond to of 97611

Dulane: Good points. However, I wonder why Dell wouldn't react the same way. As I've indicated in earlier post, I primarily write options. My position in CPQ will be exercised tomorrow. (Earlier sold 20 32.5 covered Feb calls at 7/8) At the time, it was a good move. Will probably sell March 35 puts on Monday or Friday. Because of the weakness in this issue, the 32.5's is a more conservative move, however no premium unless something happens in the next two days. Good Luck Mike Gordon