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Politics : Ask Michael Burke
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To: Tommaso who wrote (53037)3/23/1999 9:49:00 AM
From: Knighty Tin  Read Replies (2) of 132070
 
T, Dell did not sell real puts. They sold Put Warrants that don't mark to market. Most of those are way out of the money, but they could get whacked if the stock continues to head south. Of course, if they had half a brain, they would have been hedging them when the blundering herd was drooling at $52. However, since that is just shareholder money and not real money, they may not have done so. <g>
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