Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rudedog who wrote (34163)	10/8/1998 1:51:00 AM
From: FR1	Read Replies (1) \| Respond to of 97611

Dog - You seem to be a long time holder of CPQ (which I intend to be) and I value your opinion. I assume you do not want to lose ownership of your stock (partly because we are looking for long term appreciation and partly because the capital gains would hurt if you have held for some time). My question is this: What is your philosophy for how to live (extract cash) out of your portfolio? I am thinking that the way to do it is with monthly covered calls at some reasonably safe level (like two strike points up). Do you think this is a good idea or do you just sell after x% return on a buy? Franz

To: rudedog who wrote (34163)	10/8/1998 8:32:00 AM
From: PCSS	Read Replies (1) \| Respond to of 97611

Crazy market, panic looks probable, complete international monetary confusion ... S&P Future now down 14.5, it was down 22 about 1/2 hour ago, if: (1) it can get to down 10 or less before open US Mkt should be relatively OK today, BUT (2) if it is down 20- ALL bets are off US $ taking BIG undeserved hits again. Talk about new paradigms, this may end up being BIG trouble for all issues. DELL could take the biggest hit from those trying to salvage profits, cover margins/loans, being immature investors, recent DELL NON-upside qrtly consensus guidance and its inordinately high P/E. CPQ unfortunately could be tugged down this effect on DELL even though it does not suffer from the same issues. It's going to be a tough day and then some until sanity returns. Michael