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Technology Stocks : Exar: any opinions
EXAR 12.990.0%Jul 14 5:00 PM EST
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To: guido leone who wrote (109)9/3/1997 9:45:00 PM
From: Robert Salasidis   of 118
 
I noticed that in the last couple of minutes the bid ask decreased and the last trade went in at 20. The volume was about 20k shares in the last few minutes. I still see no news. I had sold an out of the money covered call to buffer any drop a few days back, but at this point in hindsight it would have been better to sell the shares. Assuming someone isn't trading on info that we don't know about, the stock is getting back to a point where a move to 25 (which would be fair value for next 12 months - assuming 20% growth) provides a good rate of return wrt risk.
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