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

To: Buffalo Bob who wrote (36830)	4/7/1998 10:54:00 AM
From: SecularBull	Read Replies (1) \| Respond to of 176387

Buffalo, I had the same Jan '99 47.5s (calls) (bought when they were 95s), and rolled them into Jan 2000. I still hold ten of them, but that's it for 1999. The rest is in 2000. I did this because I AM A LONG TERM PLAYER. I would agree that the near term for DELL is questionable (not on fundamentals) for the stock price. January 99 was just too darn close for me to feel comfortable. The difference in strike price between 99 and 2000 for the same premium did not justify me holding the 99s. I kept the small position in 99s just to have something to trade in the nearer term. I believe that I will triple my money on the 2000s (at the very least), and in the meantime, I don't have to be too concerned about timing the market. All it will take is for one of the big analysts to reiterate DELL as a strong buy for the price to move well through 70. I do no believe that there is enough info on the table to make the stock do it on its own right now. We need May earnings (which WILL BE AHEAD of expectations), or the aformentioned reiteration to make it move again. On puts, one of my brokers has suggested it, but for me that is too many irons in the fire (too many different stacks of chips on the table). BTW, I hate the idea (however unlikely it may be) that I'd get called. NOT GONNA DO IT... BTW, I love these lowerings of estimates of recent. It makes it much, much easier for DELL to be on the upside. My sources tell me that DELL is, again, having its best quarter ever, firing on all cylinders in all regions (BELIEVE IT). I cannot, however, predict market psychology. That's wy its great to be LONGonDELL.