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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Cesare J Marini who wrote (8469)	9/2/1998 6:34:00 PM
From: Herm	Read Replies (2) \| Respond to of 14162

Hi Cesare, CPQ had been dropping from $35 when we started a bear warning. It dropped, dropped, and finally settled and bounced off the $27.00 level. Those with CCs or PUTs have now covered and/or sold their PUTs. What you see now is a CPQ bounce which may or may not make it to the upper BB for a tag if the market dumps again. There is a strong possibility of that! Caution is the name of the game because the CPQ P/E is no bargain at 58+ P/E and a growth rate which is less than that. The first sign of trouble and CPQ will dump again. That's fine!