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Technology Stocks : DELL Bear Thread

DELL 138.80

-2.7%

Nov 11 3:59 PM EST

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To: Lucretius who wrote (1473)	8/10/1998 10:10:00 PM
From: Moominoid	Read Replies (2) of 2578

There's probably a few speculators left that think this POS will hit a new high before their earnings next week. Given the past dynamics of DELL's stock price I agree with you that a new high before earnings is very difficult. Shorts can be hair-raising during such periods That's my problem I trade too much on shorts. If I'd just stuck with my MSFT short position from when I started in the current cycle I'd be doing very well. But I tend to panic and cover and then short again normally losing in the deal quite a bit. Then I shifted to DELL due to its greater overvaluation relative to MSFT, higher beta, and being earlier in the crash cycle than MSFT. I guess I'll just have to grit my teeth and stick it out. From now on I'm going to try not to look at the markets live (which is late at night here anyway) but just trade on close prices. The trouble is I can't short a stock if it closed on a downtick so then I have to trade live. Unfortunately I don't have access to options in the US. In Australia I don't have access to shorting instead. Here I have put options (October that I bought at the end of May) which are just at the money now after going way out of the money first. David

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