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To: Stoctrash who wrote (47309)	7/6/1998 11:50:00 AM
From: Mike Fredericks	Respond to of 58727

Ok - this may be a bit low-tech for all you guys who have your models that I will never understand :-) for predicting intraday movements, but I was nosing around and found this (spreads accurate as of 11:35am) Jan '99 CPQ 25 Call trading at 6 x 6 1/2 Jan '99 CPQ 30 Call trading at 3 1/2 x 3 7/8 If you assume that CPQ will be 30+ in Jan '99 (which I believe is a very safe bet) then why not go long the 25 Calls and short the 30 calls for a spread? You have to put up $300 per contract (6 1/2 - 3 1/2) and in Jan '99 get $500 per contract for a 66% gain less commissions. All this if CPQ just nudges up 1 point in the next 6 months? What am I doing wrong? I figure I must be missing something. Thanks in advance for any help/advice... -Mike

To: Stoctrash who wrote (47309)	7/6/1998 11:51:00 AM
From: Nemer	Respond to of 58727

FredE: off topic --- and no comments requested ---- ggggg ----->Holy dead beats batman.. this put me into recall of an article in the morning paper ------- for all the deadheads dallasnews.com I'm not one, for to me music is not in their performing abilities and JG was one on those illustrations that I showed to my kids on what could happen if they didn't go to school and learn so they could go to college and become a worthwhile member of society ----- as I said at the start of the post ----- off topic and no comments needed......... gggg the 20 + threads that I look at some seem to be a tad dead and sluggish this morning so I thought I'd post while I was taking a break from paint supervision ...... Regards --- Nemer