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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (34655)2/4/1998 12:54:00 PM
From: Kevin Walsh  Read Replies (1) of 58727
 
Hi Patrick, ETH (Ethan Allen Interiors) is a manufacturer and retailer of home furnishings. More info at biz.yahoo.com

DSG pointed the chart out to me. About 3 weeks ago it ran up about 45% in 7 trading days. It has a $2.5 gap at about 39.5 to 42. I'm expecting a test of this gap first (42 is my exit target for my puts) before bouncing then filling the gap before going to new highs. BWTHDIK. Seems reasonable to me but this market is far from reasonable.

kw.
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