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


To: Big Lou who wrote (34612)3/16/1998 11:28:00 PM
From: jbn3  Respond to of 176387
 
re April covered calls

Agree with your thoughts. Did it over a week ago. I really don't think that DELL will go up strongly again until it approaches earnings, which won't be for awhile. The other OEMs will be reporting, and the market may well hit DELL no matter how they do, on the logic: "if they're doing well, it's bad for DELL" and "if they're not doing well, it's bad for computers". In addition, a lot of momentum players have left DELL for the moment to play the earning coming up this next month. So I expect DELL to relatively quiet with more chance of a downtrend rather than up until we approach earnings.

Regards, 3.



To: Big Lou who wrote (34612)3/17/1998 3:08:00 AM
From: Jacky AY  Read Replies (2) | Respond to of 176387
 
Writing Apr70 call? You probably should write deep-in-the-money call. There'll be no upside until Dell clarifies with solid earning. The street is now expecting Dell to pre-announce although Dell's cheerleaders may disagree. Get real! In the past week, Nasdaq, SP500 and Dow all set new high. Where was DELL? The stock just had a split and should have strong momentum. Why it's not moving up with the market if their business is so good?

You think the only problem of Dell is uncertainty? Weighing all factors, there's a real chance for Dell to pre-announce sometime in April. Selling Apr70 call will not help offsetting the loss.