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Technology Stocks : Dell Technologies Inc.

DELL 127.22

+3.8%

Nov 24 3:59 PM EST

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To: Dorine Essey who wrote (139937)	8/19/1999 2:54:00 PM
From: Sam Bose	Read Replies (1) of 176387

Dorine, Most daytraders do not trade DELL anymore, because of the huge amount of shares at every level on the bid and ask making the risk-reward very unclear since those shares that one might think as support or resistance can disappear in an instant with a move on the futures or the bonds. Also DELL since the last split has become incredibly slow-moving, and daytraders like volatility in the stocks they pick. The only way to trade DELL properly, in my opinion, is to hold large intra-day or inter-day positions for decent moves. Yesterday I went long 10,000 shares of DELL right at the open and made 1/2 of a point, selling at 44 15/16 when I saw the momentum turning. I then shorted 5,000 shares at 44 7/8 and covered my short at 44 9/16 at the end of the day. Just to give you an example of a couple of my trades yesterday. Am taking the day off today though, expect the market to be pretty slow and dicey going into options and the FOMC meeting. Sam Sam

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