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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: E.J. Neitz Jr who wrote (14655)	10/13/2002 12:33:41 PM
From: Bread Upon The Water	Read Replies (2) \| Respond to of 17183

Thanks much for the info. I personally think that if the EMC makes those earnings the stock will blast way past $8.20. And if so, the way to make a pile is play the 2005 Jan Call leap at a about $1.80 a share (a continuing moving target). You can control a 1000 shares for $1800 and once the stock passed $6.80 you would make $10 per penny for every penny over $6.80. So $10 price for the stock prior to Jan 2005 would result in $3800 profit and $20 $13,800 profit. Of course you don't have to wait until Jan 2005 to realize those profits you can sell your option any time prior to that and take the gain in your option's value then. Of course if it never goes past $6.80 prior to that you will lose money (if you hold the option to the end), and if it is below 5 in Jan 2005 you're wiped out if you've held. Wild Bill