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Technology Stocks : Dell Technologies Inc.
DELL 124.26-2.8%1:49 PM EST

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To: John Koligman who wrote (168608)1/31/2002 8:52:01 PM
From: D. Plen  Read Replies (2) of 176387
 
John,

Re: buy on the dips.

The twist that I'm working with is selling puts when she dips, sell calls on the jumps. Dell has been pretty well range-bound 25-30 since recovering from Sept. 11th. Right now I have Feb 25 puts sold, and if the 30 or 32 calls were worth selling, I'd sell them too. I will set up a range 25-30 or 25-32 each month, selling puts and calls. That way a rangebound DELL will produce a return.

P.S. don't do this unless you know the risks. I got hit big time when 10k of freefalling INTC was put to me during Techwreck 2000.

D.Plen
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