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


To: Sonki who wrote (20747)11/5/1997 11:24:00 PM
From: jim kelley  Read Replies (1) | Respond to of 176387
 
Sonki,

I understand your situation because I have a lot of DELL and INTC profit. Some of this profit was consumed by taxes (UGGH) and the recent market correction. But I can not really complain about this year.

The condition of the PC market as a whole does not appear to change much with the possible exception of the Japan, SEA markets.Those markets are likely to be flat this next year. Europe, Russia, and the Americas look healthy. China may kick in as well.

I sold some covered calls when DELL was around a 100 and bought them back at 83. Also, I liquidated half my intc stock and bought some calls. Then, I sold some naked pleaps on DELL. So I am long both DELL and INTC.

I think there will be a technology rally when we least expect it.
So I would sit tight on your long positions and rollover any aging
options.

Jim Kelley