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Technology Stocks : DELL TA ONLY

DELL 145.40

-2.5%

1:33 PM EST

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To: Spaw who wrote (90)	11/12/1998 5:20:00 PM
From: E. Davies	Read Replies (1) of 202

Well, I guess I don't need to worry about buying back my Nov 70 calls after all! Great news is not good enough. I'll be selling Dec 80 calls (maybe 75) instead. If you look at the chart there are 4 peaks over the last 3 months in a perfect straight line followed by a sharp drop. Avery pretty sawtooth. Looks like we are in for that again. Question is- how low? 65, 60, and 55 are all nice stopping points. I'm guessing 3-4 days down to 60, a month of banging around there and back to 70 in early Jan. However, the floor at 65 might hold in a positve market. I guess that depends on Mr. G. Opinions? Eric

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