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

To: Olu Emuleomo who wrote (5830)5/1/1998 1:20:00 PM
From: Sam Armstrong  Read Replies (1) | Respond to of 8002
 
I'm not comfortable with my short position either. Even though I see GTW dropping back to the 50-55 range, it may not do so until later this month and I own the May 55 puts. Gonna hang in next week for the weekly "down-day" in the markets.



To: Olu Emuleomo who wrote (5830)5/1/1998 4:32:00 PM
From: NicholasC  Read Replies (1) | Respond to of 8002
 
Olu,

It's gonna crack. Wait and see, even in a broad market rally. This thing is so overextended. S&P effect will not last, never has. Many know that MMs have to buy in and concentrate on stock for a while. Soon, they'll loose interest and it will snap back. -N


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