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


To: jbn3 who wrote (43057)5/18/1998 10:59:00 PM
From: Gabriel008  Read Replies (1) | Respond to of 176387
 
JBN3, looks like the whisper number is 45› based on this news item from this morning.
biz.yahoo.com



To: jbn3 who wrote (43057)5/19/1998 2:21:00 AM
From: AlanH  Respond to of 176387
 
jbn3, re:market makers

If one needed any more ammunition to argue that the price drop last Friday was artificially induced, there it is. I sold the June 100 calls for $6 last Wednesday at a share price of about 96 or 97. Could have bought them back Friday morning (stock price ~7 points lower) for about 4 1/2. Was lucky to get them back this morning for 5 1/4.

Bottom line 1: the market makers knew that the price was going back up.


Maybe, maybe not. The action on Friday was more likely covering which commenced in-force 5/14 PM...

Message 4464054

If so, don't start the victory dance just yet. The action today (Monday) may have been a common reflex.



To: jbn3 who wrote (43057)5/27/1998 9:58:00 AM
From: Gabriel008  Respond to of 176387
 
JBN3, opportunity this am to write some calls against my DELL position. I'm in the process of selling 80 contracts of the June 85's & will sell another 70 contracts soon after. I believe given the negatives associated with Asia, the fear of continuing ASP declines in the pc industry, the possible increase in rates by the FOMC on july 1, and the concerns re. overvaluation of stocks in general we should see DELL trading in a $75 to $85 range until after the FOMC meeting.

Your thoughts appreciated.