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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (4996)	12/9/1997 10:42:00 PM
From: wolfdog2	Read Replies (1) \| Respond to of 8002

Skeeter, if I were you I'd hold off shorting this one. The stock is holding up very well. January is, as you know, traditionally a strong reinvestment month and GTW consequently could stay strong for a while. There was incidentally an article in the NYTimes the other day about a study which found that people are intending to buy higher rather than lower priced computers. The study may be fatally flawed, but it was no doubt read and reread on Wall Street, so that will be the perception of at least some people for a while. I covered my short position; profitable, but not wildly so. I would hope to reenter with the stock in the upper 30s to lower 40s.