Technology Stocks : National TechTeam (TEAM)


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To: Sober who wrote (462)7/17/1999 8:14:00 AM
From: John D. WhiteRead Replies (1) of 465
 
Well, there is enough resistance between 7 1/2 and 8 to stop a locomotive, so rather than own a bunch of shares outright, I opted to short a few puts as well.

I'm afraid the market won't forgive these guys for cooking the books all that easily. But stranger things have happened. (Secondary offerings always scare me so I had sold calls on my TEAM and gotten called out before the storm hit in '97, so I was one of the lucky ones who made money and kept it on this stock. But I just as easily could have believed these guys and lost it as well. I've spoken to some employees here in the Detroit area, And they seem to think trust in the leadership is returning. So I've had this on radar for some time now waiting for some interest to return. I hope all the faithful get their money back.)
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