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Technology Stocks : DELL Bear Thread

DELL 138.80

-2.7%

3:59 PM EST

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To: Stephen M. DeMoss who wrote (1498)	8/15/1998 5:55:00 PM
From: Lucretius	Read Replies (3) of 2578

I don't think DELL will get as low as 98. I see it pulling back to 103 or so and then moving up to a new high around 128. There is a VERY REAL alternate possibility that something in its earnings tio be reported on Mon after the bell doesn't float like its previous loads of crap that it has reported, and this POS just gets flushed from here. That's why I am buying puts now, I WILL NOT miss out on the biggest bomb of all time in this bear of all bear mkts that should last for several years. DELL will visit 40 before Jan 31, IMO, and much lower after that. I am buying Jan 2000 75's, 65's, 50's, (depending on the premium and what is selling a momentary discount to the implied volatility price) I've also bought some Jan '99 puts as well. Doesn't matter which ones you buy, they'll all go up. DELL should see 10 to 15 by Jan 2000 and single digits after that. Write it down. -Lucretius

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