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Technology Stocks : Gateway (GTW)

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To: Skeeter Bug who wrote (4776)11/17/1997 9:03:00 PM
From: Brian Lempel  Read Replies (4) of 8002
 
Skeeter, agreed. Possible pullback tomorrow. Very weak finish for most stocks. Asia looking steady, though.

DELL EPS a week from today should provide a rally. Resistance is strong at $32. I moved my sell down to $31, just because I don't want to scrap for 1 point, and don't have time to watch it tick by tick. I decided to go with the December 30s. Does a limit of 1 5/8 sound reasonable? Today's low was 1 3/4 on an intraday high of 31 1/2. So any move to around 32 would trigger my order.

Any seasoned options players want to comment?

Thanks,

Brian
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