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

To: William Epstein who wrote (6726)	1/22/1999 12:10:00 PM
From: TEMFASSBAL	Read Replies (2) \| Respond to of 7841

<<I'm not sure about why he suddenly dropped to 35 1/2 this morning but it was only for a minute. You could never have acted that fast. It is what I call the trap door effect>> You can't act that fast but limit orders can capture some of that BS...you should only do it with issues you have a high degree of confidence in....good traders love this panic and turn it positive...when this all washes out SEG and the other "haves" in the HDD market will do just fine.....also, I'm going to hang in there today but the best play I can see is selling the Feb 35 puts (maybe 32.5's if they get a little richer)....bring in the premium and I'll take the stock there...FWIW Tim