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

To: John B. Williams who wrote (42165)	5/14/1998 7:27:00 PM
From: stock bull	Read Replies (1) \| Respond to of 176387

John, thanks for your response. I really don't think that today's action is related to tomorrow's triple witching action. Nor, to the fact that earnings will be released next week. I think the big money managers are starting to get nervous. Let's face it, by any measure, this stock is way over valued. I think that the "risk" is now growing faster than the "reward". Also, lets not forget that there are market related events, not directly related to Dell, that can have a negative impact on the stock. By the way, I am long on DELL. I know that I sound like a bear, but am still a bull. Stock Bull

To: John B. Williams who wrote (42165)	5/14/1998 7:37:00 PM
From: Dell-icious	Respond to of 176387

Actually this Friday is only "double-witching". Triple witching occurs every March, June, September and December, when futures expire, in addition to stock and index options. Dell-icious

To: John B. Williams who wrote (42165)	5/14/1998 8:31:00 PM
From: AlanH	Read Replies (1) \| Respond to of 176387

JBW, re:...don't forget that this is triple witching week Actually, it's only double witching week, but I get your drift. It is possible that arbs, etc., were settling matters today; if so, I don't believe the black magic is finished. Take a look at the 2pm trading hour -- volume was dismal and the range was quite narrow. (This would be the proverbial waiting game, when the boys on the floor suspect that the arbs are in a bind.) Then, BOOM, heavy trading and price erosion in the final hour. Options action is often settled prior to Friday. Assuming options influence, we're faced with what appears to be a neutral picture: Mon/Wed being positive, Tues/Thurs negative. Just a guess, but I'd say the players are feeling gutsy and have postponed the inevitable. If so, tomorrow could be HELL-ish. Who knows, all the action could be unrelated to options -- simply indecision. But, that's not good either. ps. My "guess" is based on implied volatility (when plotted across the week, against DELL volume), and on MAY options volume.