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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (4423)10/20/1998 9:39:00 PM
From: Gersh Avery  Read Replies (2) of 11051
 
Steve Re:Dell

WOW .. the Dell heads must be goin' absolutely nuts!

I'll shoot at Dell for my double. On exit exercise for a single and take cash on remainder .. in other words catch Dell at the bottom at half price.

That is if I can make that many loosing trades in a row <g>

Start with 3 DLQLM @ market at open CBOE currently lists them at 2 1/8 ask. Limit sell @ 6 3/8. Total cost at this point $637.50 + say $35 for the house. On this one when it drops down to $1 I'll pick up 6 of them then ratchet down to the next strike.

Gersh
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