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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO) -- Ignore unavailable to you. Want to Upgrade?


To: David Patrick O'Connor who wrote (3919)6/28/2001 1:54:28 PM
From: (Bob) Zumbrunnen  Read Replies (1) | Respond to of 4081
 
Still have all of my July 5 calls (nice to see them ITM now) and will be buying the stock over the next couple of days. Looking at the 30-minute chart, I see higher lows and higher highs, and they line up perfectly. Have a little bit at $5.25 and trying to buy the rest of the trading position from here down to about 5.10, and expecting to get out of them at $5.90 next week. One more dip down to 5.30-5.40, then we test $6.00 which should be very tough. If we break it, it could be quite a climb. I expect the test of $6.00 to happen the week after next. If it breaks it, I'll sell the calls. There could be a lot more upside to them, but THDO at $6.00 would work out to about a 5-bagger on the calls. Not risking a 5.-bagger to see if it'll become a 6.