Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (28423)	1/5/2001 4:41:34 PM
From: Boplicity	Read Replies (2) \| Respond to of 65232

Michael Dell Uses Options to Buy 11.96 Mln Dell Computer Shares Washington, Jan. 5 (Bloomberg) -- Michael Dell, chairman and chief executive of Dell Computer Corp., exercised stock options to buy almost 12 million company shares, according to a regulatory filing. Michael Dell acquired 11.96 million shares through the exercise of options on Jan. 2, according to a Form 4 filed with the Securities and Exchange Commission. He bought the shares at prices ranging from 98 cents to $4.63 each, the filing said. The average purchase price was about $2.90 a share. Dell shares fell 38 cents to $18.81 in late trading. At that price, the 11.96 million shares are worth about $225 million. Dell Computer, based in Round Rock, Texas, is the top U.S. maker of personal computers. Company shares lost about two-thirds of their value last year as Dell Computer warned that sales growth would slow. Greg

To: Boplicity who wrote (28423)	1/5/2001 7:59:28 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 65232

Greg, why you are assuming that I am a bear here, I know not, today I was busy all day deploying all the cash I raised late Wed and early yesterday, as a matter of fact, the decline today was so bad that some "outrageous bids" got filled and I ended up more invested than I targeted (my target was 20% cash (from 60% cash) by the end of the day, but I got to 15% with few outrageous bids filling). I would say that here at 2400, is a little late to be very negative, at 2650 earlier this week, we were only 200 Naz points from my target high for the first half of the month. My target for the January peak was 3050 (and we can still get it later this month if it becomes apparent that on the 31st, the Feds ease again). Of course the market may start and discount the post fed easing before the fed even eases, but that is another story. Zeev