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Technology Stocks : Dell Technologies Inc.

DELL 118.63

-1.2%

3:42 PM EST

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To: sean who wrote (9263)	7/2/1997 1:28:00 AM
From: William C. Spaulding	of 176387

IBM may go down a little, but not enough for you to make any money on your puts. It only has a p/e of 15, and I read in several places that IBM is doing quite well. I think I read somewhere that analysts even increased their earnings estimates for this quarter. I would wait until mid-July, since I do expect a general decline in the market, then I would sell. I don't think there is any way you'll make money on your puts.

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