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Technology Stocks : Dell Technologies Inc.
DELL 129.24+0.7%Dec 26 9:30 AM EST

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To: finfan who wrote (9216)6/30/1997 11:49:00 PM
From: Patrick E.McDaniel   of 176387
 
Finfan, well I have to be honest, I don't like the July 115 calls you bought at 6 3/4.

Lets look on the positive side first. I have every reason to believe Dell will do well. Interest rates should hold. WDC should put out good comments about Dell on the 16th. Dell should go up with the annual meeting and press reports on good sales the day before your option expires. Intel should report before options expiration and any positive comments could really help.

Now for the negative side. Interest rates could increase causing a spastic reaction that wouldn't recover in time. The jobs report this week could show better than expected employment tanking bonds and stocks. Negative comments about global PC sales out of WDC could raise hell. Intel could also burst a bubble.

There is just too much stuff going on here to make me comfortable with paying 6 3/4 for a July 115 call expiring in just 3 weeks and no time to recover if bad news come rolling in.

Pat
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