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Technology Stocks : DELL CLIMAX SITE
DELL 157.48-1.7%12:14 PM EST

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To: Arik T.G. who wrote (60)7/28/1997 5:26:00 PM
From: RAY WACLAWSKY   of 158
 
even if you bought the puts at the lows, it was meaningless. the MM's knew the downdraft and never made the trade worthwhile. last week, you couldn't even buy the 170's and the 160's were flat relative to the increase in Dell.
the only way to play this contrived increase was to be playing the stock short naked and hope for the best.
i'm in the dlqto's big time @ 3 and look forward to a triple; time will tell. there is a good amount of buying at the 77 level.
good luck!
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