Selling Puts: Have Cash Will Travel Message Board

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Strategies & Market Trends : Selling Puts: Have Cash Will Travel

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To: OX who wrote (1064)	1/26/2000 9:55:00 PM
From: Dan Duchardt	of 1235

OX, i agree, I wouldn't bet against DELL at this time. I'll go a step further than that, and bet on DELL. If it opens down tomorrow, I will buy some LEAP calls. I'm kicking myself for not jumping on the ISLD offer at 35 when trading resumed. That's where DELL was over a year ago; missing estimates means they are only making 30% more this year than last. Could have sold them two minutes later at 38. It's a small account, but a few hundred bucks never hurt anyone. I have some long FEB45 and FEB50 calls I will probably take a beating on, but I'm sure glad I bought those instead of going long the stock. And just maybe people will pay attention to the good news. DELL has surpassed CPQ in US market share. Sales for the current quarter look strong. I wouldn't be surprised to see a strong positive move now that the uncertainty has been replaced with an outlook. Dan

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