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

To: Night Writer who wrote (23259)	3/24/1998 3:29:00 PM
From: Mike Gordon	Read Replies (1) \| Respond to of 97611

Night Writer I had no choice but to bail out of the April 25 calls at reasonable profit. Glad I did. Offset with May 22.5 puts at 7/8. I couldn't get the April 22.5's. Also sold May 25 CC's at 1.75 on remaining CPQ. Both sides now on tap. Can't believe this market again today. Next two weeks should see CPQ between 23+ to 26 until management starts talking in terms of earnings and DEC integration. Like you, I think LUCK is the primary factor in calling these shots. Too many people relate their predictions to a cause and effect relationship to unrelated financial information. Be careful in this market. In the high 80s today with sun. Next month it will be brutal. Mike