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

To: rupert1 who wrote (53660)	3/17/1999 7:26:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Daring prediction from Briefing.com - CPQ target of $45-50 in 12-18 months. The Bear Sterns reiteration and CC not mentioned so suspect it has not had its full impact yet. _________________________________________ Updated for 17-Mar-99 Liquidity driving indices higher and we see no let up any time soon... Consequently, techs expected to continue exhibiting upside bias over the short-term... Anxieties over earnings also fading, as we are now in the heart of warnings season and, so far, not that many companies have warned... Result, earnings likely to exceed diminished expectations once again... That does not mean we won't experience the ocassional earnings bomb, but any collateral damage now likely to be minimal. Computer Systems & Peripherals Apple (AAPL 35 1/2 +1 7/16) released much anticipated new server operating system - MAC OS X... Positive comments from CS First Boston, which reiterated its buy rating, also gave stock a boost. Compaq (CPQ 32 1/2 +1 1/8) rallied as bargain hunters finally stepping in... Volume brisk but still below 10-day average... Nevertheless, Briefing.com maintains that CPQ is attractively priced for long-term... 12- to 18-mo target in the 45-50 range.

To: rupert1 who wrote (53660)	3/17/1999 8:38:00 AM
From: Mike Gordon	Read Replies (1) \| Respond to of 97611

Victor: CPQDG (April 35 Calls) closed at 1 1/8 yesterday. A conservative play would be to sell these calls for a gain of: 1.125 + the difference of yesterday's price of 32.375 and 35 or 2.625. A total return of 3.75 (11.5%)assuming CPQ closes at 35+ on April 15. If CPQ remains below 35, you keep the 1.125 for a 3.4% return Risk: CPQ moves considerably above 35 between now and April 15, you must sell at 35. BTW, J. Cramer, on CNBC, just assured us that CPQ would not preannounce. He also said that he covered his short position.

To: rupert1 who wrote (53660)	3/17/1999 8:39:00 AM
From: isdsms	Read Replies (1) \| Respond to of 97611

I think we are in an uptrend that will continue into earnings, hence a bad time to write covered calls. Barring a market melt down, we should be back into the 40-47 range shortly, imho. Ira