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Technology Stocks : DELL CLIMAX SITE
DELL 154.60-3.5%3:59 PM EST
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To: RAY WACLAWSKY who wrote (67)7/29/1997 9:28:00 AM
From: Arik T.G.   of 158
 
Ray,
I'm glad to meet someone who looks at the trend this way.
I'm not allowed to short so I took some Aug 85 puts at the
outrageous i.v of 70 hoping the stock will return to the 60s
where it came from early this month.
Reasoning- Dell heads buying ahead of split now scratching
their Dells in wonder, the stock hasn't leaped forward after split,
What went wrong?
Once this one starts downhill all momentum investors will get rid
of it no matter the cost.

Arik
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