EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Lynn who wrote (4346)	2/11/1999 6:06:00 PM
From: SJS	Read Replies (1) of 17183

Lynn, Today was a fairly broad based rally, but breadth is still poor. As I see it, this is still a trading market, and for that reason, I did sell 110 calls for February on EMC today. The stock will have to work very hard to ecplise it's old high and take out 110. That's more power than I think the market has right now, notwithstanding today's "oversold" reflex rally. I still expect the stock to close between 100 and 105 by expiration next Friday. Remember, Monday is a holiday, so no trading, and "free" call depreciation.

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