Gerald, you're right about Dell.
As you predicted, I lost about 1k - however, that was a mixture of pitch and a slow broker (Dreyfus).
I tried to cover at 138 3/8, but my order needed some minutes (!) to exercise. Till I had cancelled and could enter a new cover-order, I lost $1 and bought for 139 3/8. A hard lession to trade with Datek in the future.
Why at all? Even if a stock is rallying like Dell, mostly you can exspect a certain sliding during 2 last hours of trading, especially at Friday. It was boring to me yesterday cause I did like neither buying nor selling, and this Dell-day-shorting was only thought as time-structuring, in a better broker-world good for a pizza.
However, in a sight of a week (waiting for a 2:1 split) Dell will not loose ground so far I see - even if Dell is one of the best valuated hitechstocks now. One should think over a shortselling shortly before the split, when usually profittaking sets in.
Happy trading!
Jury
PS: I see "lession" and "exspect" in red but have no dictionary here, so I cannot check what is wrong - sorry.
PPS: Just for this thread I bought yesterday INTC again (of course too early, at $ 90 1/8.) Famous as contraindicator I can recommend to SELL INTC .... |
