Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: Skeeter Bug who wrote (4707)	11/13/1997 9:55:00 PM
From: Brian Lempel	Read Replies (1) of 8002

Skeeter, have I seen the light? I'm not sure. But should GTW's long term fundamentals really matter when buying puts? I don't really think so. The reason I would buy is because we are still in a strong downtrend. If there is further strength, it is very possible we would bounce off resistance around $32 intraday. That would be a golden opportunity. At that point, you could ride the stock back down into the mid twenties. However, I wouldn't hold through DELL earnings. I think everyone will be surprised. All people are thinking now is about sub $1000 pcs killing margins. Well first of all, DELL doesn't sell extremely low end boxes, and have shown resistance to the downward pressure on ASPs. Also, I doubt many people will realize how awesome the effect of lower component prices will be. I might have to evaluate a play on that... Brian

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