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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 (2428)2/18/1999 2:07:00 AM
From: put2rich  Read Replies (1) of 2578
 
Bilow,
I was very much wanted to short/put dell at 110 but tied up. I knew 90% for sure that dell would tank. Yet my buddy who was in deep red, took risks in buying tons of dell calls when it was 65. When it reached 90 his wife urged him to sell. Well he sold and was angry when seeing dell hit 110 so he bot calls again (not a few contracts as we normally do !!). I always told him dell at 65 is already high...and now I think he is in deeper trouble than the guy w/ margin call of 35K. This buddy has a funny logic..he told me look last year dell always rose in jan feb march...and he also said dell increased 3 or 4 times last year and this year at least dell will double...
Any how I missed shorting high fliers last week since I don't have much power.
Today dell traded nearly 100M shares just for one stock..what a saturated hype for a stock!
Good luck
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