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

To: H James Morris who wrote (6398)	8/6/1998 5:30:00 PM
From: yard_man	Respond to of 8002

James, I sold puts yesterday when it was at 50. Bought again at 56. I guess I'm not very good at timing, but there's some pretty good anecdotal evidence that rates of growth are slowing in the PC biz. DELL may grow some more by further cannibalizing its associates, but I know boatloads of folks with PCs recently purchased that have no intention of upgrading every year. Nice thing about puts -- I know how much I can lose ahead of time. I don't think we are simply going to sail back up to 9000 on the DOW like nothing has happened. I think this is a little reflex rally. Perhaps we get 1 more day of it?