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Technology Stocks : Data Dimensions
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To: Pete Mason who wrote (2938)9/2/1997 11:54:00 AM
From: TA Trader   of 4571
 
Hi Pete,
In keeping with my promise to keep you informed of my trading in DDIM, I am doing the following. We now have another measured move to the 36 36 1/2 area from 28 1/2. Exactly 8 points like the previous 2 moves already detailed. While I remain extremely bullish and still feel that surprises will be on the upside, I am aware that profit taking and pullbacks occur with regularity. I am therefore writing calls at strike prices 35 mostly and some 30's. This is to protect against the pullback I would expect before the next move up. This is not necessarilly a move you should make in here, and I could be making a mistake, but is one that I have been successful with in my current position with a cost price of 23. I will let you know when I change this position. I'm not certain you should follow this knowing your current position so the decision is yours.
By the way, I will give you my opinion on ZITL as soon as I study the situation more. Right now I have no opinion and have never traded the stock. I am intrigued though as to WHY it still trades at a price of $20. I sometimes kid about that but really I believe it is there because of the potential business it will receive with the Y2K business and there must be some "SMART" money believing the same. Good luck.
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