Gateway (GTW) Message Board

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Technology Stocks : Gateway (GTW)

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To: yard_man who wrote (5915)	6/2/1998 3:48:00 PM
From: Greg Jung	Read Replies (1) of 8002

I think at this stage one should take whatever opportunities to reload. For money management reasons I coverde a short at 46.5 long ago from 56, found a way to start back in at 44.5 today, trading part of another short that was moving more slowly. My longs that are crushed don't give a lot of bouyancy to my collateral so I can't jump on much. We are still in a denial phase while the analysts continue to pour out their milktoast recommendations. GTW is excellent because it is inherently weak and can move down quickly. Dell is tempting but too many whipsaws working on the stock price, and the stock buyback is executed at $44/share so only a large shortfall will become a formal miss. Also I happen to think its earnings can continue in current trend. Gateway however seems to be starting another advert/sales/infrastructure push and they are limited to US market. I think maybe the FedEx price weakness may be a function of related weakness?

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