Exide: Overbought or bargain? Message Board

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Technology Stocks : Exide: Overbought or bargain?

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To: LTK007 who wrote (94)	8/23/1998 10:12:00 PM
From: Creditman	of 125

Max .. I am not a battery expert or anything, don't know much about EX fundamentals but I bought EX options last week. I saw their share price drop to around book value and saw them come off the watch list so I bought Calls. This looks to me to be a technical bounce. A dead cat bounce kind of thing. It had just gone too far down or everyone who wanted out is out or whatever. I am a short term trader so I'll sell my calls soon ($12 1/2s). In this miserable year for tech stocks this is about the best pick I've had ... so far anyway.

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