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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (30126)	12/3/1997 2:22:00 PM
From: broken_cookie	Respond to of 58727

Electric, I agree with another selloff or two before year end. What I will play, probably on the indexes, is a late year rally. Recall Kevin's post on how he funded his trading account. A lot of folks will be getting year end bonuses which usually get thrown at mutual funds. At the same time, most underwriters will be taking vacation soon. New IPO's dry up soon. With no new paper to absorb the fund flow, money will go to large caps. I'll look for this a week+ before XMAS and will be watching the stooges for confirm. Will probably go with OEX calls. All just my opinion. Good trading.

To: Electric who wrote (30126)	12/3/1997 4:45:00 PM
From: Warren Van	Respond to of 58727

>I like the idea of selling into the power.. and watching the fall, >like DELL, there is a Electric, I am curious about your opinion of Dell. Dell has had only two precipitous drops in the last couple of months (late October and second week of November). Otherwise, Dell stock has shot up or leveled off to form a base in the last two years or so. What reasons do you have for shorting Dell or buying puts? Are there TA or FA issues that support your decisions? Also what magnitude of downturn and duration of downturn do you foresee? Thanks. -Warren