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: Ibexx who wrote (4785)	3/9/1999 5:28:00 PM
From: SJS	Read Replies (1) of 17183

I did some of the latter, but did a bull spread. What was amazing to me was that I originally sold the 115 (for near 2), rode it down, bought them back for 1/4 (never got the "low" on a call before....), and now they are well over 2 again (as you can see). It was a great trade. In the meantime, my long 100 calls have appreciated (but the premium is out...) and I did short the 110's, thinking that 115 was to far to reach. Maybe not so good timing on the short call sale...., but who expected 20% in a week? <g> EMC always has a habit of moving around alot (witness today) but I have upgraded my expiration event number from 110 to 115 based on some of the news I saw on this thread today. I will adjust my strategy accordingly, and probably buy the 110's back, and sell the 115 to rollout and cover.

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