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Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?


To: William Epstein who wrote (6392)12/11/1998 7:50:00 AM
From: hcirteg  Read Replies (1) | Respond to of 7841
 
Thanks William Epstein-

I love palying roling stocks and watched SEG go between 18-25 for a few months. Once she hit 35...a 50% move up from 3 months ago, I saw a good PUT buying opportunity. Jumped in when she hit 33. My option value doubles if SEG hits 29. Today will be the test. If SEG falls again today then we are in a definate re-tracement. If she bucks the trend today then youlongs should be in a good position. I'm betting, in the SHORT term, that profit takers and end of year portfolio dressing will be a drag on SEG over thenext few weeks.

Good luck to all.

HC