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 (4720)	3/8/1999 3:42:00 PM
From: SJS	Read Replies (2) of 17183

I may buy these back too, but right now there's LOTS of premium in them, and I am still LONG the 100's... I want that premium. It will erode fast one way or the other. Either it will become intrisic value as the stock moves up, or it will stay as premium and evaporate under 110, since there is only 2 weeks left till expiration. In other words, I can't loose unless the stock goes back to 102, as my new net cost for the 100-110 bull spread is 2.

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