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Strategies & Market Trends : Tech Stock Options

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To: Jenna who wrote (50872)	8/27/1998 1:50:00 PM
From: Pierre J. LeBel	Read Replies (1) of 58727

Hi Jenna, hold on to those DELL puts: you will make money, so will I. It turns out that I was a bit early yesterday morning when I loaded on the Sept 130 Puts. However, look at the huge volume today. lots of distribution going on. They will soon run out of buyers while funds will have to sell to prevent DELL from taking over their whole portfolio! Could be below 110 by next Tuesday. Have a very nice day. Pierre

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