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Technology Stocks : Dell Technologies Inc.
DELL 118.71+1.1%9:34 AM EST

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To: David E. Taylor who wrote (34593)3/16/1998 9:59:00 PM
From: Big Lou  Read Replies (2) of 176387
 
re "As you point out, a second factor that will probably keep DELL in the 60-70 range for the next month"

If you believe that DELL will not test its new high until most of the
april earnings season is over, then you might consider selling
covered calls on DELL (ie: Apr70 for 1 3/4).
IMO, DELL will not see north of 70 until late in April, after alot of
uncertainty plays itself out. I am extremely bullish on DELL long
term, but I just see no reason for DELL to push new highs in this market environment. So why not make some quick change
while we wait. By late april/early may, DELL fans will get that
"earnings itch" again and momentum alone will push us to
new highs.
At any rate, just a suggestion from the peanut gallery out here in Hawaii.
Seems like the prudent thing to do.
Lou
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