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

To: McNabb Brothers who wrote (19708)	10/29/1997 3:37:00 PM
From: jim kelley	Respond to of 176387

I suspect William had the right idea. There is profit taking going on to pay distributions for the end of the quarter. Remember its not just DELL, it is a market wide phenomenon. If this is true then the stocks should stabilize next week. In any event, its looks like there are some bargains to be had.

To: McNabb Brothers who wrote (19708)	10/29/1997 4:07:00 PM
From: William C. Spaulding	Read Replies (1) \| Respond to of 176387

Fund managers still selling to pay for distributions, and with the fear generated in the market recently, those distributions might be larger than these managers expected, and so they may need to sell more. The market may not really climb until next week. By that time, the fund selling, which must be done by Oct 31, will be over, and the real buying will begin. I may be able to buy some cheap Dell calls after all. BTW, this is the reason for buying options over time. I bought on Tuesday because I wasn't sure if the market would jump from there, being so low. But I still have most of my cash, and ready to buy on Friday, when options might be a lot cheaper because of time premium decay and because there might be a last minute rush by fund managers to sell on Friday to meet the Oct 31st deadline.

To: McNabb Brothers who wrote (19708)	10/29/1997 5:04:00 PM
From: D. Swiss	Read Replies (1) \| Respond to of 176387

Hank, did you cover yesterday at the open? I sold some covered December 80 calls yesterday when the stock was at 77. I placed the order at 6 3/4, but by the time the order was executed, I ended up getting 13 1/2. This was the one bright spot in the day for me. :o) Drew