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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (2151)5/14/1998 12:57:00 AM
From: Just_Observing  Read Replies (1) | Respond to of 4722
 
A relatively safe way to "cover" your short would be to sell covered puts. IF Dell falls to 90, you will get 6 to 7 dollars on the June 90s. If you want to be aggressive, then sell the May 90s for a couple of bucks and should they expire worthless (if they don't you will have made money) write the June puts since the premiums will still be high before the earnings come out on Tuesday.

The only way I've been able to make money by shorting DELL was to write 15 to 20 puts for every 1000 shares I shorted whenever a sharp decline occurred. I guess I was going long. This is just my advice from considerable experience in playing DELL. Good Luck.



To: Moominoid who wrote (2151)5/14/1998 9:27:00 AM
From: The Vinman  Read Replies (1) | Respond to of 4722
 
David, Dell is down a few points pre-market. They announce next week, so I would hold your short position, the stock has been on a wicked run and is probably over due for a pull back. A positive earnings surprise is already priced into the stock. People may think I am nuts, but thats what I would do if I were you.....

Good Luck

Vinman


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