GREGORY & STEVE & VENKIE AND ALL:
THE REASON I'M TYPING IN LARGE CAPS I WANT EVERYONE TO READ THIS!
GREGORY, I'M STILL SHORT DELL AND I EVEN SOLD ADDITIONAL NAKED CALLS ON DELL TODAY AS IT WAS GOING UP! AS FAR AS COVERING THIS A.M., YES HINDSIGHT IS 20/20, BUT I DID NOT COVER JUST LIKE YOU OR ANY OF THE OTHER LONGS SOLD THE OTHER DAY AT $102! WOULDN'T IT BE NICE TO HAVE 20/20 HINDSIGHT, BUT THEN IT MIGHT NOT BE ANY FUN EITHER! AS FAR AS MY PLAN, IT IS STILL IN PLACE, I'M STILL SHORT DELL AND HAVE NAKED CALLS SOLD ON DELL AND ON BOUNCES I'M SELLING MORE NAKED CALLS! IT'S AMAZING THE TURN AROUND THAT YOU HAD SINCE LAST NIGHT WHEN WE WERE POSTING! SO I GUESS YOU ARE A RAGING BULL AGAIN?
STEVE, WHEN I QUITE POSTING ON THIS THREAD IS WHEN I GET OUT OF MY SHORT AND MY NAKED CALLS EXPIRE OR BOUGHT BACK! AS OF LAST NIGHT MY DELL POSITION MAKES UP LESS THAN 2% OF MY TOTAL PORTFOLIO! I'M ALSO IN A POSITION TO GO SHORT MORE DELL IF IT RISES AND I STILL LIKE IT AS A SHORT! I MAY NOT MAKE ANY MONEY AND I MIGHT EVEN LOSE ON DELL, BUT I CAN ASSURE YOU IT WILL NOT EFFECT MY NET WORTH MORE THAN 1%!
VENKIE, I CAN TAKE A HELL OF ALOT OF PAIN, BUT IT IS NICE TO HAVE PEOPLE SUCH AS YOU DELLHEADS TO NOT BEAT UP ON SHORT SELLERS LIKE MYSELF! I HAVE BEEN ON OTHER THREADS THAT THEY GO NUTS WHEN ONE SPEAKS OF SHORT SELLING THE STOCKS THAT THEY LOVE! AFTER TODAY, I'M STILL AHEAD ON MY DELL SHORT AND WAY AHEAD ON MY CALLS THAT I'VE BEEN SELLING SINCE AUG. MOST HAVE EXPIRED WORHLESS AND THE ONES THAT I HAVE LEFT ARE LOSING ALOT OF THE TIME VALUE THAT WAS BUILT INTO THEM!
IN ALL I'M STILL HAPPY WITH MY SHORT POSITION, AND I'M STILL VERY CONCERNED WITH THE OVER ALL MARKET AS A WHOLE! WE'LL SEE WHAT HAPPENS OVER THE NEXT FEW WEEKS!
GOOD LUCK TO ALL,
HANK MCNABB |
