DELL Thread For BULLS and BEARS! Message Board

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Technology Stocks : DELL Thread For BULLS and BEARS!

DELL 162.82

-0.4%

11:27 AM EDT

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To: freeus who wrote (194)	11/18/1997 8:32:00 PM
From: Ted Jackson	of 198

Freeus, I completely agree with your idea that people will get nervous if the market doesn't continue to rise...I'm not explaining this very well, but I think everyone get the idea. If it appears that a plateau was reached, then people will sell. Tomorrow is important, just as today was. A few flat days with some downward bias does not bode well. I don't feel very comfortable taking a long position right now. Shorting doesn't seem very appealing, either. I don't have the stomach for it after what happened OCT 27th. I watched a profitable short turn into a loss because I couldn't liquidate my position. Schwab was backloged. Instead what I did today was to buy both puts and calls. Puts make $$ on the way down and calls make $$ on the way up. This type of thing won't work with stocks because one position would just cancel out the other. I am betting on the only thing that I am certain of...that Dell won't be at the same price at some point within the next few weeks, especially with earnings around the corner. As for another country begging for our help, I don't think that we would ever unilatteraly (that is, without the UN) send troops into another country unless there was something in it for us. Somalia? Nope. There are large oil reserves in the north. Amazing that most people havn't heared of this, isn't it. That's because the govt wants us to believe that we're there for humanitarian reasons. With all of the suffering in Africa ask yourself, why Somalia? Good luck with your positions. You've got good instinct and I'm looking forward to reading your observations over the next few weeks. Ted.

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