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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 157.75

+0.4%

Nov 14 9:30 AM EST

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To: shane forbes who wrote (3101)	4/28/1998 12:38:00 PM
From: Mark Oliver	Read Replies (3) of 9256

So, as usual we've examined in micro depth issues that should tell us what's going to happen, but now we're looking at a new quarter coming and some positive and negative outlooks. What's the concensus now? I sold calls for Quantum and WDC, June 22 1/2 and 20 last week. They still show a lot of premium. I would have been much better off just selling my stocks of course, but.... So, now I'm wondering if I should buy them back or let them ride? I tend to think there'll be a bottoming soon unless a market correction stops it. I think Quantum is the stronger stock, but there's a love affair that WDC people have that is a factor greater than earnings. I believe they are waiting in the wings looking for a bottom. So, I'm putting in an offer to buy the Quantum calls below the ask and I'll sit a little longer on WDC. To me, the premium on both these calls imply either more upside than down, or at least positive sentiment about the futures of these companies. Regards, Mark

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