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Technology Stocks : Dell Technologies Inc.
DELL 133.20+5.7%Nov 26 3:59 PM EST
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To: Paul van Wijk who wrote (20082)10/31/1997 8:19:00 AM
From: McNabb Brothers  Read Replies (1) of 176387
 
Paul,

You won't believe this, so if you will let me know what your fax No. is I will send you two acct. statements with the acct. no. whited out to show you our position in ZITL! We are short 7000 shares of ZITL at an avg. of $38 and have about 90 naked calls sold on it as well! We tried to sell more as it went to $70 and change a year or so ago and were unable to find the shares to sell short! We will cover at $5 or maybe much less, even though it might take another 3 or 4 months to get their! A y2 company with nothing! Could very easily go out of business very soon!

Thanks for bringing this to the attention of the other thread posters! The only thing that I ask for is if I send the statements to you or anyone else on the thread for confirmation upon request, that you go on the thread and confirm to everyone else that we do have the position in the acct. as I said we did so I won't have to send everyone on the thread a copy of our statement! (With the acct. no. whited out of course!)

Good luck today,

Hank McNabb
P.S.- With the S&P up this morning I will be looking to sell naked calls on some selected stock this A.M.! Can't wait! Love this market moving up and down!
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