Peter,
Thanks for the information on DELL. Actually due to a pure mistake, I shorted DELL from 97 1/2 to 83 without even knowing my position. It appeared that when I bought DELL through DATEK, they bought several hundred extra shares for me. When I sold those shares at 97 1/2, I did not notice that they have corrected the mistake and I ended up shorting several hundred DELL shares from 97 1/2.
Well, I certainly wouldnot have shorted DELL at that price, even at 100. First, I am not a bear. Second, I would never short these high flyer blue chip issues who don't have a chance of missing earnings (MSFT, DELL, AOL, LU, CSCO, YHOO!). I would look for any further weakness in DELL as a good entry point. It's a good bet that the issue will be traded in the 80s after another split later this year.
good luck,
larry! |
