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

To: IceShark who wrote (6173)	7/23/1998 9:40:00 PM
From: yard_man	Read Replies (1) \| Respond to of 8002

Bill over on the Kahuna thread was talking about BA puts a little while back and I thought to myself -- why put a stock that has already taken on some serious water. I guess all I can say is BWDIK. Hope he still had his puts on that one. I expect GTW to drop tomorrow, but we'll have to wait days or weeks for a really huge drop. It will come some days after the downgrades. I imagine there will be a few analysts who will maintain their ratings in order to get a few more clients out with as minimum damage as possible. Next quarter will be the real disaster. I think GTW knows by now there is no high end left to milk. People have been buying their boxes on credit long before they started their wonderful little program -- it's the overall boom in the use of credit. There are scads of people in my area -- I don't live in a posh neighborhood by any means, lower to middle class folks, and I see a GTW box (the cardboard type) laying around at 1/2 the houses having garage sale -- I think they are lying when folks mention penetration numbers -- the numbers are larger even for blue collar folks. Love to see a BK tomorrow, but if I just get a double -- I'm going to hold on to my puts for a little while longer.