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


To: Beltropolis Boy who wrote (4677)3/5/1999 10:24:00 AM
From: SJS  Read Replies (2) | Respond to of 17183
 
Stock seem to be stuck now, or Specialist is playing with it....he won't let it go near 105.

Historically when this happens, call writers come in and sell calls, and then he blows by the strike (105) and calls them all out for expiration.

105 isn't going to be a barrier forever, and I think it's not safe for the March expiration. It looks VERY safe now, but I think we'll eventually move over it. I still think 115 is safe, but 110 is a tricky call.

Comments?