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Technology Stocks : DELL Bear Thread
DELL 149.13-2.1%Nov 6 3:59 PM EST

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To: Bilow who wrote (2416)2/10/1999 8:59:00 AM
From: Marq Spencer  Read Replies (2) of 2578
 
> I seem to be the last surviving DELL bear,...<
Carl,
Some of us, like myself, just lurk. I've been bearish on this stock for most of the past year and have made good money (but not great money that I could've made if I was long), by writing naked out-of-the-money calls. Some of these I've had to convert to covered calls by buying the stock, but I've still come out ahead on these.

Recently I have been neutral on Dell, and have actually taken bull spread positions as well (on practically no money out of the pocket). For example, I own Dell Jan00 80's and wrote Jan00 85, for zero net.

Keep up the good work - I agree that Dell stock is a long-term disaster. The only problem is that the long term could be a few years away, and in the meantime the longs have been doing very well.

- Brian.
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