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

To: Diamond Jim who wrote (22769)	3/20/1998 9:03:00 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Jim....how about you buy 100 shares @ 23, I'll take up a collection on the thread and come up with $100 and forward the $$$ to you. That puts you in @ 22 and converts you instantly to Captain of the CPQ thread cheerleaders. stephen

To: Diamond Jim who wrote (22769)	3/21/1998 4:40:00 PM
From: Mike Gordon	Respond to of 97611

James, for you and all of those who want CPQ and 22 or better, sell the April 22.5 puts. At 7/8, your cost is now 21 5/8. This is a much better play near term. Earnings posting (if any) at 4/16 might surprise everybody. The 500mil write-off was a bit too generous IMO. For those who can't recognize their losses after purchasing last month, you might want to sell some covered calls. May not posted yet. April is best, but little premium (5/8). Or if you want to recognize the loss (assuming that CPQ will be above 22.5 by April 17) sell the April 22.5's at 1 3/4. (Like selling CPQ at 24.25). Probably positive news on CPQ by management to help prop the stock up during stockholders meeting. Long term is a great value. However, watch out for major decline in market (3%) between now and options x day. A major decline will stall any growth. JMHO Mike