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


To: John Koligman who wrote (176050)1/8/2008 11:33:46 AM
From: kaka  Read Replies (1) | Respond to of 176387
 
Hi John,

Never would have thought back down to 21.....thats why I don't trade stocks, and why I place a hedging bet immediately after an option play, which occurs rarely on equities.

A friend of mine purchased Dell in early 2006 after Dell came off its 2005 highs of nearly 40. Dead, losing money. I did get him to place covered calls against his holding for minimal income/lowered basis. He nearly rang my neck in early November 07 when Dell approached 30 (his strike for the Nov expiration), and his panic cry was that he's going to lose his stock !!! Now he wishes he was assigned. Funny the way some investors think....

This morning gain all gone....everyone selling into any rally.

cheers,
g