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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?


To: Big Kahuna who wrote (645)10/22/1999 2:49:00 PM
From: Scott Sorochak  Read Replies (1) | Respond to of 6516
 
Kahuna et al:
There's lots of news on this company coming out in the upcoming weeks...has anyone been paying attention to the Nov 70, 75 and 80 calls!!! Volume is absolutely insane...I saw two 1,000 contract buys this morning alone on the Nov 70's...someone is loading up the guns...the stock has been acting like the rock of Gibralter in this market, pulling back on down days and then popping up huge the following days. It just broke through the 78 resistance level with no problem and should test the old highs by early next week. Lehman has a 12 month target of $150/share and I am telling this group right here and now that I see $200 in less time than that...say May.

Scott