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Technology Stocks : Dell Technologies Inc.
DELL 127.74+0.9%3:41 PM EST

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To: GVTucker who wrote (165572)5/25/2001 11:20:58 AM
From: D.J.Smyth  Read Replies (1) of 176387
 
gv "Rest assured that the Goldman options desk isn't going to make its money speculating on Dell stock in either direction. They just want to get their fees."

so it is with most smaller desks

leaving share delivery and 'buying' to only their trusting but savvy/nieve clientelle on such large share amounts, while they sit back and collect fees, is hard to fill

GS takes on more assumed risks when they can't find willing takers; one risk being they hold contracts, especially when dealing with so many shares. it seems logical they would assume more than simple 'fee' risk with Dell in such large transactions

$2 billion...what we don't know is how Dell offset this relative to option activity below $20. their actual net is probably around $34

if GS owes anyone, it is Dell. they can't let their option queen go find another sperm donor. regardless, the net weight for GS, given Dell's unprecedented fall from grace, at this point, could be on the long side by now

heretell you have a donor storage lockbox too
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