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

To: yard_man who wrote (6038)	6/30/1998 6:32:00 PM
From: Angela Mango	Read Replies (1) \| Respond to of 8002

Hi, What do you guys think about the my :) ware. I think it is a pretty cool idea, especially when it is bundled with unlimited internet access. Do you think GTW will make lots of money out of this? AM

To: yard_man who wrote (6038)	7/3/1998 10:13:00 PM
From: larry	Read Replies (1) \| Respond to of 8002

The big name high tech stocks are certainly overpriced. However, a strong summer rally can easily push these issues to new highs. I don't believe that the fundamentals at MSFT, CSCO, and LU are better than they were a month ago. However, these issues keep making new highs. They will correct at certain time. But after a consolidation phase, they are moving up again. The best way to invest in these stocks is to buy deep in the money calls to protect your gains. I did this with DELL and MSFT in the past and had good results. Although MSFT retreated from 99 to 83 or so, since I bought MSFT May 90 and June 95 calls, I even made some $$ in the retreat. GTW is almost certain to make new highs before or after they announce reports. I think that they will report good numbers. The new high will be at around 65, and then consolidate. Same story goes with DELL. Since DELL earning report is still 7 weeks away, momentum players are loading up with Sofite, CSCO, LU and internet issues right now to ride out the earning rally. DELL should hit 100-110 in July. And come mid-August, watch out. It can easily go up to 120-130 before they report. good luck, larry!