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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (14896)	3/11/1998 5:38:00 AM
From: Chris McConnel	Respond to of 94695

Hi, how's it going. I'm having a hard time reading Dell. I still think about the crappy systems they use to sell and not real sure about the quality today. But I think their selling boxes over the internet was brilliant. You're right a 50 PE for manufacturer is bit on the high side. Maybe now, with CPQ threatening a price war, Dell will have a harder time next quarter, but a price war this late into the quarter may not skew their earn. estimates. But of course it all perceptions on these things, so there maybe a real good trade there. For me, I will wait to see if Dell goes any higher before I'd buy PUTS on it. Also I'm keeping an eye on the SPX index. The SPX seems ripe for a tumble. - Chris

To: Skeeter Bug who wrote (14896)	3/11/1998 10:53:00 AM
From: kahunabear	Respond to of 94695

I like the sound of it, but I think CPQ is a short at these levels so I would have a hard time going long. Plus, they seem to move in opposite directions a lot. How about shorting them both ? WS