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Technology Stocks : DELL Bear Thread

DELL 142.68

-2.7%

3:59 PM EST

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To: put2rich who wrote (2218)	10/28/1998 10:34:00 AM
From: larry	Read Replies (1) of 2578

TD, I am very bullish on DELL and I won't buy puts on issues like DELL, CSCO, & MSFT. Sure I do buy calls when the issues are beaten down in big ways. But I mainly sell naked puts to reap in the gains. If you look back at my previous posts, I sold about 200 contracts of various DELL naked puts on the day that DELL dipped to 40 9/16 and I correctly called that a near term bottom. So far I have closed about 75% of those contracts and have made some very nice gains. I guess that DELL will at least test 69 1/4 either before or after its earnings release. If DELL can make $0.30 (I will bet on 0.29), then I expect DELL to test 75 in the near term. I have never bought DELL puts before. Betting against DELL & MSFT are losers' game and I am not willing to join the ranks of losers. However, anytime I see the issue going against my position because the market turns turmoil, I will short against my box to hedge my position (usually for no longer than several days). I am definitely not the person to ask if you want to make $$$ by shorting stocks. I am only good (actually very very good) at making $$$ on the long side. good luck, larry!

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