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Technology Stocks : DELL Bear Thread

DELL 138.80

-2.7%

3:59 PM EST

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To: Lucretius who wrote (2214)	10/28/1998 8:24:00 AM
From: Geoff Nunn	Read Replies (1) of 2578

LT, Weren't you were telling us as far back as last spring that you were holding Dell puts? Haven't most of these puts expired totally worthless by now? Although there may be some exceptions, as a rule Dell puts purchased during the past year have generated 100% losses for their hapless owners. Perhaps though, your puts haven't hit ground zero because they're leaps...that or you have been continually feeding a bottomless pit by replacing worthless puts. Why would you waste your money by buying long term leaps (if that's what you did)? You have repeatedly predicted the price of Dell stock is ready to collapse any day now. If that prediction proves correct, you will make more money in short term puts - not leaps, which have higher time premiums. Just curious... Regards, Geoff

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