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Technology Stocks : Gateway (GTW)

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To: Tmanquinn who wrote (4771)11/17/1997 7:03:00 PM
From: Brian Lempel  Read Replies (1) of 8002
 
Vincent, it might have been me! <g>

Late trading action put a damper on my plans. By the time I got home at 3:30 and digested the situation and decided it would be prudent to sell (and buy some puts), it was already too late.

Fortunately, Iraq hasn't worsened, global markets look strong, and PC makers may still rise more. I still don't see GTW going any higher than 32.5.

I am going to put an order in to sell at 31.5 (today's high, incidentally), with a limit to buy puts should GTW hit 32 (I guess I'll have to price some options tonight).

Good luck all. I guess this means I'm abandoning ship?

Brian
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