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

To: SecularBull who wrote (30761)8/11/1998 12:21:00 AM
From: CGarcia  Respond to of 97611
 
Compaq should be selling in the $50 range, to think this stock will stay in the low $30's for much longer would be a foolish financial mistake, especially come earnings time.



To: SecularBull who wrote (30761)8/11/1998 12:55:00 PM
From: trouthead  Read Replies (1) | Respond to of 97611
 
Without knowing what, if any, other positions G has with CPQ, the buying of covered calls only tells you that in the short term they think they can make money by doing so. They may have a far more substantial long position as their first play and the buying of covered calls is there second play being made with capital earmarked for a different kind of risk and investment. This is like the blind man describing the elephant.

jb


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