Earlie: Please pardon me if I sound naive. I am dying, simply dying to load up on Dell puts but there's one thing bothering me. The stock is in the 40s now, thanks to the split. At first, I thought they split the stock to appease the herd knowing the price would drop, but now I'm wondering if they had other motives. Now, of course, I know that doesn't change anything about the overvaluation of the company or the problems in the PC market. I just wonder about the psychological angle. Last fall, Dell dropped into the low forties for a day and was absolutely overwhelmed by buyers. What happens this time if, let's say, the beast gets back into the high forties, maybe fiftyish, then the s**t hits the fan. Then we have Dell trading in the thirties and it looks like a huge bargain to the masses. Can it be driven into the twenties or teens do you think?
I guess I'd like to know how much higher do you think the dipsters can push it up this time? It's been weak as hell the past few days.
Thanks for input.
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