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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Uncle Frank who wrote (7795)2/10/1997 9:35:00 PM
From: RAY WACLAWSKY   of 9477
 
That's a great question; the answer will be in the price action in the near future. I have traded this issue since the debacle after earnings and still hold worthless options for Feb.
The interesting point is you can almost guarantee a profit if you buy at 16.25 and above. Someone wants to unload a ton of stock at any price above 16 and the last month has proved this. Look at today, a disastrous tech day and S3 merely loses a 1/4 point off its opening.
I just bought back some naked Feb calls, which I may regret, but there is something more than meets the eye.
This baby is poised to move up!!!!!!! If anyhting, it should a=have tanked today but only manage a small drop, which would have been even smaller @ 17 if they didn't make sure the last trade wasn't a sell!
I could be wrong but, there are too many positives and announcements to make this the dog that it is. Last but not least, look at the options for june and outward; they are paying a significant time premium for a bullshit stock!!!!!!!!!!!
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