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Technology Stocks : S3 (A SHORTER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Ken Muller who wrote (154)11/5/1997 6:16:00 PM
From: Smalltalker  Read Replies (1) of 159
 
I bought some 7.5 December puts today. I expect the stock to hit $6.00 before the December expiration of options. IMHO Today was just a temporary bounce after the fall earlier. I had bought into SIII on someone's recommendation a long time ago at 18.00 then so it go down. Finally it came back to my buy price and I bailed out. It did go up in the low twenties but not for long.

I just don't trust the company anymore. Maybe management realized that their data manipulation would get caught and that is why they made the announcement about the accounting mistakes...

Smalltalker
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