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Non-Tech : Invest / LTD

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To: Lucretius who wrote (2136)	8/26/1998 2:50:00 PM
From: waverider	Read Replies (2) of 14427

LT, I picked up some puts on DELL the other day was was considering shorting, but after this morning's action... The stock was down a point or two and I thought, cool. Then with the market tanking, the dang thing went back up a point in a flash. It was very difficult to cover my puts, but I did so because of that 15% loss limit rule I have on options now (after learning the hard way). I was down that yesterday at the close, but was "hoping" for a downtrend this morning...didn't last long. Anyway I get back from Home Depot buying cement (I swear I am responsible for at least 10% of the company's growth this year) and Dell is up 3 5/8ths. LT, you're right on most things but this appears to be a freight train that isn't going to stop for some time. I'm not touching it again until there is a definite downtrend established. Be careful. <H>

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