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

To: SJS who wrote (6476)	5/20/1999 10:39:00 PM
From: Jack Gibson	Read Replies (1) \| Respond to of 17183

Steve: You did give a very closely reasoned response. That was an excellent post on how to play options.....puts and calls(writing, that is). But I agree that this year (and probably next also) will be more difficult. In fact I'm getting a little worried about my '00 and '01 leaps. I'm well in the money now, but the premium that I paid to buy in-the-money calls is eroding as we speak. I hope the split will give us a 10 to 15% boost in stock price at least by September. If so, I'm gone, and will use the proceeds to buy the stock. I believe EMC is now mature company, and a good stock for the long haul, but no more leaps for me. I'm not bitter however; this company has made me an awfully good return in the past few years. Good trading to all, Jack Gibson