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


To: D. Swiss who wrote (5825)4/27/1998 8:33:00 AM
From: Don Salty  Respond to of 8002
 
Peter,
Started this note Saturday, but got busy.
CINF (Cincinnati Financial) went into December trading at 100. The day they announced making them an S & P company the stock jumped from 115 to $142. (I sold "some" at 138)

It then dropped back to the low 130's and ever since has traded $125 to $134. This is spite of the fact that they reported historic record earnings AND a 3/1 split as of April 24.

The S & P listing is an immense factor in my mind but somewhat short lived.

I am going to put a limit order in at $69.50 today and see if I get it sold!

--I still love the company and my 3 boxes, but $$ is $$.

Don



To: D. Swiss who wrote (5825)4/27/1998 2:43:00 PM
From: Cosmo Daisey  Read Replies (1) | Respond to of 8002
 
D. Swiss,
GTW is starting its recovery now at 2:35
The funds have cash on the side to support their stocks in
pullbacks.
I haven't read the thread yet as a new GTW holder so this may have been covered but the SP 500 index funds need to position in GTW and they started on Friday. Continued buying will occur as more money flows into their funds.
This is my first long in GTW, my previous positions were all short and they worked out for me. Looking forward to the long side of this one.
cdaiseyPhD@pullback-is-over.com