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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (14882)	3/10/1998 2:25:00 AM
From: Chris McConnel	Read Replies (1) \| Respond to of 94695

Don't know SQNT well enough to comment. Right now, buying July Puts and Jan00 Calls on MSFT. Made some money so far trading these. Waiting for a 85 to buy more puts or 75 to buy more calls. Buying the Puts mainly to hedge the Calls. With the PE so high, want a little protection. I hate billg, but really believe in the company. Also buying Jan00 Calls on CPQ, The more it goes down, the more I'll buy. No puts. It's been beaten down pretty hard. Think it may fall some more. Waiting for 70 on INTC before buying Jan00 Calls on it. Read Merrill Lynch's Tom Kurlack's report from last week. Scared the crap of me. If Kurlack's right, INTC gonna struggle till Merced is out the door. - Chris