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Technology Stocks : Seagate Technology
STX 261.38+1.2%Nov 17 4:00 PM EST
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To: TEMFASSBAL who wrote (6419)12/13/1998 12:57:00 PM
From: hcirteg  Read Replies (1) of 7841
 
Hi Tim-

Thanks for your very informative post. It is this type of debate that helps all of usmake better decisions.

As an options player, my exit strategy has me holding my position for one to two weeks MAX. I look for 50% move in either direction and I am out. I entered last Wednesday at 5/8. The bid is now 7/8. If the stock falls to 29.5, I'll be called out at 1 1/8. My GTC order went in 2 minutes after I bought them.

I am sure the long prospects for SEG are very good. I used to play options on APM until they cratered. BTW, any input on that company? Seems real cheap at $7.50.

Good luck and I hope your analysis of the "non-event" pans out. I'll gladly leave the SEG position for the benefit of the rest of my long portfolio. The SEG puts are my short term insurance/gamble.

Good Luck-

HC
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