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Strategies & Market Trends : The picks

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To: tina Lee who wrote (5972)5/27/1997 10:31:00 PM
From: S.M.   of 6124
 
Tina, RE: ATML

I have been watching ATML for some time now and I have been waiting for a breakout to happen. Well, I think we saw it today. I bought a load of the June 30 calls today at 5/8... They closed at over $1.00

I think we should see a trading range between $31 to $35 shortly. If you own the stock hold on to it and write some calls when and if it approaches $35. Write the June one, because I feel that if the Q results are rumored to be good <and they are> I think ATML will hit $40.00 in July.

I have a "guy" at ATML, but he hasn't been too helpful as of late. I will try to find out more, but I will more than likely email you with it.
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