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

To: Eddie Kim who wrote (33982)	10/7/1998 9:33:00 AM
From: PCSS	Respond to of 97611

Initial CPQ trades 26 7/16 (down 1/16) Michael

To: Eddie Kim who wrote (33982)	10/7/1998 9:40:00 AM
From: PCSS	Read Replies (1) \| Respond to of 97611

The is a definite UPside bias to CPQ so far today while DELL, GTW, INTC and AMD are down CPQ @ 27 (UP 1/2) Of course, this is most often temporary unless there is GOOD news we are NOT aware of yet ?? Michael

To: Eddie Kim who wrote (33982)	10/7/1998 10:31:00 AM
From: rudedog	Read Replies (1) \| Respond to of 97611

Eddie - you could have sold at $38 less than a month ago? What happened in the past is past. Also - I was not talking about selling at a loss. I was intending to sell only the shares I bought in June at the same price I bought at, and pick up a point or 2 if the current volatility continues, which would further reduce my basis. This would be one of the few opportunities for me to do a tax-neutral transaction. The 24000 shares at 27.5 represents about 12% of my CPQ holdings, the rest was purchased at split-adjusted prices like 2, 3, 7, 9 which I obviously don't want to sell, for tax reasons. There are other methods that I could use to do the same thing - like the short against the box that LoD did on Dell - which could leverage a larger number of shares to pick up some $$ on a dip, but those would have tax consequences this year. But the plan I proposed would have simply lowered my basis on this CPQ purchase with no tax impact at all. If I had done this yesterday I would be up $50K today, with no tax impact until I decide to sell - just turns that particular investment into a better deal. I think the point of all this is to make money and have a good time doing it. There are not too many opportunities to pick up $50K in a day with no tax consequences.