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

To: Challo Jeregy who wrote (21247)	3/10/1998 5:50:00 PM
From: Mike Gordon	Read Replies (2) \| Respond to of 97611

< The thing that doesn't feel right is my dead money isn't enjoying this rising market.> Hi Challo: Like you, I've been sitting on cash for the last 500 DOW points. I'm afraid of sitting out for 500 more. SI membership should pay me to stay of of the market. The DOW will drop at least 1000 as soon as I get in. If you don't believe me, I have references, look at what happen to CPQ. I look at relative prices on CPQ calls and puts. Absolutely no significant premiums in March out of the money calls. Little more for April. Key, is CPQ's ability to maintain 25. It's obvious the fund managers are selling into strength. We are not participating in the 8640 DOW. I'm hoping that EP is able to report better than anticipated earnings for 1Q. Mike Gordon