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Technology Stocks : Gateway (GTW)
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To: FiberOptic who wrote (5172)1/15/1998 9:13:00 PM
From: John Gault  Read Replies (1) of 8002
 
Fiberoptic, I also bought(feb 35 options) lately and am thinking the sideways stock movement maybe due to the nervousness in the whole market. It's suprising though that box makers are being affected as much as they are. They ,imo, seem to be one of the few industries that are going to benifit from the devaluation of the asian currencies. Gateway should benifit the most (in comparison dell and compaq) because they have almost no asian sales and they buy a equal amount of their subsystems from asian manufactures.
Time will tell but tomorrow maybe another good chance to buy on a dip due to triple witching. I may buy the march options though, feb. is just to close and now everyone seems to be more worried about 1 st quarter earnings instead of forth quarter results. Go fish.

Good Luck.

PS. Dan, I have also heard the rumor that IBM maybe buying Gateway.
It comes from what I consider to be a reliable source, but remember
rumors are worth what you pay for them.
--- Did anyone else notice that 108,000 block trade a couple of days ago?
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