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Technology Stocks : Dell Technologies Inc.

DELL 134.85

+0.7%

2:06 PM EST

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To: freeus who wrote (92142)	1/28/1999 11:32:00 AM
From: Sig	Read Replies (2) of 176387

Freeus: Re Dell leaps: As a result of our discussion, I came to realize I had kept the 2000 17 1/2 strike leaps too long as they could only appreciate about as much as the stock, whereas calls at higher strike can appreciate at 3 or 4 times the rate of the stock. So I sold 3 of the Leaps at $73 1/2 today and bought 3 of the Aug 100 calls at $14. This leaves me $17,850 cash left over so I can could go along with Greg to Australia and demonstrates the awesome power of a leap on a rising stock. The total cost of the 3 leaps on July 23, 1997 was $2190. But I don't have a visa except to Mexico so Greg will have to go alone. We will miss him. Is that where he's going? SES

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