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Technology Stocks : HWP -- Hewlett Packard
HPQ 19.01-1.8%Jan 28 3:59 PM EST
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To: Moominoid who wrote (2151)5/14/1998 12:57:00 AM
From: Just_Observing  Read Replies (1) of 4722
 
A relatively safe way to "cover" your short would be to sell covered puts. IF Dell falls to 90, you will get 6 to 7 dollars on the June 90s. If you want to be aggressive, then sell the May 90s for a couple of bucks and should they expire worthless (if they don't you will have made money) write the June puts since the premiums will still be high before the earnings come out on Tuesday.

The only way I've been able to make money by shorting DELL was to write 15 to 20 puts for every 1000 shares I shorted whenever a sharp decline occurred. I guess I was going long. This is just my advice from considerable experience in playing DELL. Good Luck.
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