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


To: Chung Lee who wrote (6466)8/12/1998 6:35:00 PM
From: yard_man  Read Replies (1) | Respond to of 8002
 
Have Sept puts. Will hold until after DELL reports for good or bad. Good luck. I think if you are patient it can't go much higher than 70 before it crashes, but make your own decisions.



To: Chung Lee who wrote (6466)8/12/1998 7:15:00 PM
From: oexwa  Read Replies (2) | Respond to of 8002
 
Chung Lee, Would you please cover your GTW short so it can go to $10 and I can get out whole? It is horrible to have a long-term loss on a short. If you look at the 52 week high and low on GTW, you will see my shorting entry point - 25 1/4! I was convinced after visiting their Country Store in Tampa with the stools made out of tractor seats and idiots for sales people, combined with the slowest loading web site I had ever seen while I was trying to buy a computer to replace my 486, I decided to short it. It also had a beautiful head and shoulders formation on the chart.

I think it went up $5 the first day after I shorted it. I have been waiting forever for it to return to a reasonable valuation so I can get out with a reasonable loss. The "Your Ware" joke appears to be a marketing success; insider selling is totally acceptable; slowly abandoning South Dakota for states with income taxes is seen as a positive. Even an earnings disappointment couldn't wound it.

Please cover your short so it can go down and I can get out.