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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: McNabb Brothers who wrote (23430)	11/27/1997 1:30:00 PM
From: Meathead	Read Replies (2) of 176387

Re: "why are you not doing what you are preaching?" Hank, I don't need to gamble. I'm already very wealthy (something I don't brag about) and don't need to play options for income. I work in the high tech world cause I enjoy it but am planning on retiring at 40. If all my stocks loose another 50% in value between now and then, I'll still be able to retire. I just think it's odd that with all of the trading strategies I've studied and am aware of, why anyone would choose to implement the riskiest of them all. Quantification of the risk/reward ratio makes this clear. You should know that being 7000 shares short is fundamentally far riskier than being 7000 shares long so you just can't flip that earlier statement and say it's the same as what your'e doing only in reverse. Your posts state that you are on the short side of Dell by the equivelant of 15,000 shares. That's about 1.2M in repurchase obligations at 83/shr. You state that Dell only makes up 1.5% of you portfolio whcih would suggest it's worth about 80 Million. Say I'm off... leave out the options alltogether, you've shorted 7K shares at say 90/shr, thats 600k of Dell money in your account right now. At only 1.5% of your porfolio, then it's 40 Million Pretty impressive either way. With that kind of money, why trade at all, why not just retire unless you are addicted to gambling<ggg>? Anyway, my turkey is on fire and the family is here. Happy Thanksgiving MEATHEAD

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