Option GEMS - Hot Options in Booming Companies... Message Board

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Strategies & Market Trends : Option GEMS - Hot Options in Booming Companies...

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To: Jenna who wrote (74)	7/27/1997 2:39:00 AM
From: halfscot	of 396

Jenna: I know you were quoting from the article when you said "the stock should hit $65 this year...". Wow, it's already over $80. Further analysis needed to see if good buy at these levels-MMs have already pumped a good deal of premium into the options and no wonder! There are only 14 million outstanding shares with the float at a little over 3 million! The stock has risen so fast there are no options yet with striking prices above $75. Heck, there weren't even any options available until March. Hopefully there will be a pullback soon but I could see a stock split coming very soon at this pace. Comments? halfscot

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