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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (840)	11/21/1998 2:37:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 3187

Gene; You hit it, But I didn't need CNBC to tell me insiders were buying this stock, it looks good. Her history on a yearly basis is volatile with 60% to 80% drops , but her recovery is also a matter of history, with 100% to 200% gains from her lows within a year. She may have a little more downside but I doubt it, the put options at 12.50 have been selling like hot cakes and that is putting in a floor. Overall ( option writers are generally the smart money ) while option buyers lose more than 80% of the time. I would make an exception on CPUs calls ( call leaps $10 in yr 2000 look very good ) and are under priced at this time. CPU is over sold, but could be after Xmas before she bounces, yet I doubt it will take that long; as the puts say she will bounce before Xmas. Jim