To: frank 3 who wrote (29344 ) 2/6/1998 4:50:00 PM From: Paul van Wijk Read Replies (2) | Respond to of 176387
Hi Frank, how are you doing today? Well, it wasn't that hard, your first bear-week on Dell. Today it is exactly one week ago you wrote your "maiden"-post on this thread to our all-time super-bear Hank. >> dear hank >> just sold another 1000 at 99 11/16. don't see much risk versus >> reward. enjoy yourself. just watching a few snowflakes. Well, I think this post can already described as a "classic". What I like most is the "enjoy yourself" one-liner. How cynical. Since you posted Hank is burned day after day. But I'm sure you didn't mean it that way. Anyhow, one important characteristic of all the Dell-bears is that they seems to have developed a more than average talent in writing funny posts. Especially because they usually haven't the slightest idea how funny they are. I'm in a good mood today (long on ORCL, you know) so I won't comment on the "I don't see much risk versus reward"-quote. As I promised before I will also give you a few helpful tips. What you need most next week is self-confidence. Dell made a nice jump in your first week and as you know "the Games" still have to start. So you need to set your mind in the right direction. This will help; - Do some serious chart-reading on Dell. If you don't like what you see, just turn it upside down. Most Dell-bears use this method to keep their confidence in a rough period. - Don't search for negative articles about Dell. It will make you frustrated and we cannot use that know. Maybe later. - WARNING; NEVER, EVER watch a long-term chart on Dell. It will take weeks to recover mentally. - Write out a 108 7/8 times "What goes up comes down, Dell is NOT different". Frank, hope this will help. I think it is still too early to talk about selling naked calls. One step at the time. The longer it takes before you run out of money, the more you learn from your mistakes. Have a nice weekend, and hope temperature in Ohio will go the same direction as Dell. If not I hope Dell will go the same direction as the temperature in Ohio. (I put my money on a heat-wave before the end of the month). Paul