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

To: MJR who wrote (26315)	5/18/1998 9:05:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Mike, Presently majority of my option trading has been Compaq, and Intel with a few other companies over the years. Use to like MU before I dumped the stock at 40 on a cc and decided it was not good to get back into it. I am also a long term Bull on both stocks. More Compac then Intel. I sell covered calls, naked puts (where I don't mind the stock being put to me), Bull puts, and currently have a rare strangle in place. I have not tried a straddle yet. Bought Compaq calls once and lost some small change. Not really a buyer except for insurance. Other then that, I usually make nickles and dimes except many be once or twice a year. Options are my casino. Stocks are my investments. <g> However, I only do options on one or two stocks that I follow. I agree with you that Compaq should rally this Summer. I am concerned about a general market adjustment. I feel Compaq will not suffer greatly if there is an adjustment due to having a self adjustment already. In fact, I will pick up more stock if the adjustment happens. NW NW