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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Lee Lichterman III who wrote (30851)	10/20/1999 11:05:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 99985

Don't mind me, Lee. I'm just ticked at IBM, blaming falling sales of mainframes on Y2K. With Dell and MSFT just announcing record shipments of unit volumes of WinTel platforms, it's obvious what's happening here. I'll be dumping my Nov SPX 1250 calls at the open, which I bought on Monday. I won't make a whole lot, since I paid such a huge premium for them. bigcharts.com "On the negative side, we saw a Y2K slowdown toward the end of the quarter, particularly in our large servers, and to a lesser extent in services and operating systems software," he said. Large servers refer to IBM mainframes and minicomputers.

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