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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (8680)5/12/1998 5:46:00 PM
From: Mike McFarland  Read Replies (1) | Respond to of 18691
 
Ouch, picked up a few Dell puts this morning, watched
them get halved real quick today (May, yeah I know no
lectures please) I'd would have thot there would
have been some speculation that Dell earnings could
be weak this quarter--folks waiting to get W98 with
their new machine, not wanting to do the "upgrade"
themselves, also PII's with 66mhz bus prices dropping like
crazy, so why not wait for 100mhz bus, which would fall into
next quarter. Anybody starting to put Dell at all out there,
maybe it runs to 100, then could double down on my crappy
little bet.

Thanks goodness really good gains this year are in IRA
and crappy losing put bets all in taxable account and
subsidized by Uncle Sam, he he. Makes losing with the
puts easier.