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

To: CoffeePot who wrote (1472)	3/5/1999 11:46:00 AM
From: blankmind	Respond to of 3187

sold some may 7.5 puts for almost 2. gives me a little buffer to see if cpu can rally some, if not at least the cost basis is 5.5 this time on my avg down.

To: CoffeePot who wrote (1472)	3/5/1999 12:30:00 PM
From: lanac	Respond to of 3187

Hey Coffee I agree with you the downside is limited to only another $6 from CompUsa while it over 152 for MSFT and 123 for AMZN good point come on its the % of the drop that makes the diffrence not the # another doller is a whopping 20% canal

To: CoffeePot who wrote (1472)	3/5/1999 9:02:00 PM
From: Vol	Respond to of 3187

IMO this is buy and hold territory. Who knows when CPU will recover but the LT upside potential is much greater than the LT or even ST downside potential. CPU has been here before, so has BBY. For education, go read the BBY thread back in Dec 96 - Mar 97. People were giving up, selling for big loses, and talking about bankruptcy, Chapter 11, etc. You know what happened after that. I ain't no Swami, but you gotta think the bottom is here or near. Possible idea is 1/3 now, 1/3 in the next few weeks, and then 1/3 after the next earnings report. Vol