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To: AllansAlias who wrote (50130)	8/15/2002 9:39:59 AM
From: marginmike	Read Replies (3) \| Respond to of 209892

it bogles my mind that DELL in the PC biz could be breaking out. Really crazy, meanwhille swaps and spreads are saying there is something evil still out in the parc.

To: AllansAlias who wrote (50130)	8/15/2002 4:35:46 PM
From: mishedlo	Respond to of 209892

I closed my puts on DELL (for a loss) but at least near the low of the day. I had SEPT 25's. Did not do horrid on them as I added 2 yesterday sometime and managed to sell the adds for a very slight gain. Close almost all other puts today as well. I did add puts on CSCO and am slightly underwater on them, they go tomorrow no matter what. Also had a few puts on ADI and added near the close. ADI warned but does not seem to be dropping much. We just might be in a mode where it does not matter. All news is good news now. This is either like Nov, or is like May (where we tanked after the May options expiry ramp). I can not figure out which so I moved to the sidelines. Might be 100% cash tomorrow or close to it. A sure sign of a top. M