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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (3604)	1/6/1999 10:50:00 PM
From: SJS	Respond to of 17183

Naw... I'd prefer NOT to short it. I want it to down so I can BUY it cheaper... I don't like shorting this particular stock. However, seeing this erosion in the morning, I tried to buy Jan 90 puts for a play at 1 7/16. Missed them, as usual. The MM for these calls/puts drive very hard bargains (ie none.) You pretty much have to pay their outrageous spreads (sometimes 3/8). If you throw a bid out there like 1/16 over the posted bid, they don't take you, but wait until the stock moves, then they pick you off, at the offering, with the usual spread intact! Anyway, I would have had a double on these...today. They person who bought at the low (1 1/8) almost had a triple today! Careful with your short. She's got nasty upside claws....