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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (640)	5/14/1998 12:41:00 PM
From: Mike McFarland	Respond to of 2578

No sales tax in Texas? Of course, probably a pride thing too, not going out of state to save a few bucks. Dell is in Austin right? If I had anything left in my options account I'd probably be tempted to go for the June 100 puts, alas, I am done with options, the May 90's were my last fling. And I think I am smart enough never to mail in another check. Lost about 3k in misc puts and calls these past six months, while gained about 40k going long. Not bad considering I started with just 15k last December. Lesson learned: I suck at options. Dell and many of the highfliers will one day correct, but many of these are good companies and that is probably reason enough not to put them. Actually, regarding earnings, maybe Dell is getting parts wicked cheap from sinking Asia--we certainly know they are not passing much savings on to consumers, as they consistently have prices at the high end for a given set of gear... Here is a good quote from James Cramer, re Amazon, one of the four stocks I've contemplated putting: "Let me give you a couple of quick tips on shorting. I never ever short a company that could be on the cover of Business Week as one of the best-run companies in America, and Amazon is incredibly well-run." That sounds like a pretty good rule. off topic Some of this easy momentum money *WILL* finally start to rotate into the small and microcaps, as is supposed to happen toward the end of a bull market. Hope it happens before I lose my nerve, current portfolio is a bit speculative.