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

To: Tavros who wrote (9964)12/17/1998 11:10:00 AM
From: Ed Frye  Read Replies (1) | Respond to of 12559
 
An upgrade combined with an upbeat GS report produced a nice 2 day 3 point move (low to high) on heavy volume (8+MM shares).

Although I understand deductions based on option volume can not be conclusive, I don't think it was a coincidence that this purchase immediately preceded the release of the GS report. Did anyone check to see if the position was closed out yesterday? I haven't.

Not surprisingly, yesterday's rally found resistance at the 30WMA (=150 dma). Recent highs @ 18.75 to 19 will be tested during the current consolidation phase. I agree with Briefing.com that a high volume break of resistance @30WMA would be a major step forward. The problem, however, is the good news is out.

ed



To: Tavros who wrote (9964)12/17/1998 11:27:00 AM
From: k.ramesh  Read Replies (1) | Respond to of 12559
 
When Fore was at 12 or 9, you had offered a suggestion of buying 10 calls for Jan 99 or 00 @ 3 and selling 20 puts, which seemed pretty aggressive to me, but did you do it?
You must be a rich dude, you offer your 5 cents, while everyone's going rate for opinions is just 2 cents.

Ramesh


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