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Non-Tech : Invest / LTD
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To: R. Gates who wrote (7197)2/7/1999 5:57:00 PM
From: J. P.  Read Replies (1) of 14427
 
Good points, I agree.

Speaking of borrowed time, look at this Nasdaq chart:

decisionpoint.com

I've loaded up on puts of some semiconductors to proxy the Nas on the way down. Will look to add more if we see strength this week. I think the Nasdaq borrowed some time when Microsoft started this ridiculous split craze three days after their earnings, when they saw their share price going south quickly. Amazed me that grown men running IBM and INTC would jump on that bandwagon. Don't tell me Dell will split into the face of a correction, if they do, they will be a very low priced stock this year, IMO, since they're only around 100 now.

I think the selling on the Nasdaq will begin in earnest the day after Dell announces. The Naz might get a quick and short lived sugar buzz from the Goldman Sachs tech conference in NYC this week. Good, make the puts cheaper.

Edit: Hmmm, did that post sound bearish?
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