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: dennis michael patterson who wrote (4694)	3/5/1999 5:34:00 PM
From: SJS	Read Replies (1) of 17183

I get the sense that we won't penetrate 110 in 2 weeks. If we do, it won't be my much. I've obtained almost all the premium out of the 115's that I can, since I sold them close to 2 (and bought them back for 1/4). Now, the goal would be to attempt to hone in on a lower strike (110's) where much premium still exists. This makes the spread even more profitable. I wanted to execute the 110 sell at 1 3/8 or higher before today closed (to get the weekend erosion), but I didn't get it off. I am just long the 100's without a short side. I'll try to sell the 110 after watching EMC and the market open on Monday. EMC sort of struggled today. Either we are being toyed with, or.....there are some real sellers that need to be reckoned with. This stock should have held 105 alot better than it did. The rockets were there all day, yet it traded like it was unsure of itself. I didn't see the larger blocks I normally see, so I assume that this was mostly "retail" not institutional. I'd prefer the latter. Steve

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