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Technology Stocks : Dell Technologies Inc.
DELL 121.05+4.9%Feb 6 9:30 AM EST

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To: HG who wrote (102175)2/17/1999 6:08:00 PM
From: Chuzzlewit  Read Replies (1) of 176388
 
Happy Girl, I think selling covered calls at this point is a mistake. Dell could rebound big time when some sanity (or insanity -- take your pick) returns to the market. A 6% drop in expected revenues (but a 38% actual increase over last year) is hardly reason for a 25% sell-off -- especially in view of the firming ASP and improving net. How much of today's action was the result of momentum players bailing out and very short-term trading vs. establishing a new base valuation is very difficult to judge. If I were you I would wait until next week when thing are likely to stabilize.

TTFN,
CTC
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