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

To: rupert1 who wrote (56621)	4/10/1999 10:14:00 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

victor... I look for CPq to test last year's low in the next week with a low on Monday around 23 3/4-24. Volume may be a record setter as high as 80-85 million. Wall Street is going to take CPQ out behind the barn and shoot it monday morning and justifiably so. El

To: rupert1 who wrote (56621)	4/10/1999 10:15:00 AM
From: Howard Feinstein	Read Replies (2) \| Respond to of 97611

Vic,how would you play this one? A few weeks ago I bought some April 30 CPQ Puts to cover my Long shares, when the CPQ earnings warning gossip started to surface. Now Monday I'm virtually sitting here with a neutral position with PUTS and a Long position. I'm thinking about either bailing out of my Long shares, taking the tax loss(even at 30),maxing out the decline, maybe 23-25,then unload my Puts, expiring Friday. Or I just cash in my Puts and hold CPQ, if I believe it will come back some day, in my lifetime! How would you play it? Thanks. Howie