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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (7343)	12/3/1999 9:33:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

TB:" lock and load, dude! " Turtle, I bought 300s (1x "position" is ~$15K for me) at ~50 like you did; only difference was that I sold it (for no gain) on some bounce, and then pyramid-bought T down ~46.5 to ~42.5, so had a good position, albeit "heavy" for me at a full 1000s for an intermediate-term trade. I sold 300s @ ~50. I was desperately trying to transfer 700 shares from DATEK to ETRADE so that I could sell CCalls to exit but, couldn't get this done before Friday. I went flat, sold 700s for about +15 and immediately cut a cheque for $10K, which will go to Uncle Sam :( right now I'm sitting on 850s TXU @ 35-3/16 ...this is a bet on the bond bounce, and a $0.60/s dividend scalp, if I can hold it until 07-DEC ex-div date. else, I'm short 3 DLQXV - DELL Dec 42.5 PUTs @ 2 and actually, I was hoping DELL would tank* so that I could sell twice as many DELL Dec 40.0 PUTs @ 2, with the intention of being "put-to" 900s @ ~38.5 - switching from TXU to DELL for my next intermediate-term trading position ...but DELL's running away from ~41, and the decay is in my favour, so it looks more like I got a "pizza tip" (^_^) -Steve