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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Patrick E.McDaniel who wrote (170950)	9/22/2002 12:15:39 PM
From: hdl	Respond to of 176387

spend some on guinness at a nice pub

To: Patrick E.McDaniel who wrote (170950)	9/22/2002 1:15:13 PM
From: Sig	Read Replies (2) \| Respond to of 176387

<<Sig, so where does the smart money go until November?>> Money left in equities will rotate- to oils, to defense, to mutual funds, to retail to housing and back around the circle.And each time the broker fees will reduce the total value. I would not risk going long, but perhaps money could be made by shorting the tops or overbought sector. Smart is a word no longer in my vocabulary-its been replaced by caution. So I have gone to the lock-box operation Money in MM, Cd, or ST government bonds seems prudent. I would handle Dell stock the way John does, sell covered calls or Leaps when its high, buy them back at the lows. and have already done that Seems reasonably safe as Dell is on a roll and should have several good quarters before any type of options accounting changes are made as the previous posts point out the difficulties or complexity and it is perhaps more likely than not the rules will be left unchanged. IMO the only thing we can trust now is the market itself - when and if the market recovers and some semblance of confidence returns the Dow and Nas will go up. My plan is to wait for the Nas to go somewhere around 1600 before reinvesting with any confidence that a trend can continue. It can be just as rough on a person going up, since then there is more profit to worry about(g) As you recall in 1996 on SI, the bears were out in force, taking 100% profits and saying SELL. Where are those bears? I dont see many around, we could have used some 2 years ago. It seems a good time to protect assets while the banks and brokers fight it out for survival, spend more time enjoying hobbies. Sig