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

To: Ben Antanaitis who wrote (945)	5/29/1998 10:20:00 PM
From: jjs_ynot	Respond to of 2578

Given the stock and option action, that is what I would have expected. I would guess that option pressure and market conditions will drive DELL to either the $80 or $85 strike price with a bounce between the two during expiration week FWIW.

To: Ben Antanaitis who wrote (945)	5/31/1998 12:10:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 2578

>The Max-Pain point for June'98 is currently $85, On TA I'd reckon $80-90 is very likely unless there is a crash. I'm increasingly thinking there are now two main scenarios for the indices: 1. A final runup starting mid-week just like last Sep-Oct followed by a crash. 2. A slow bear market. I'm beginning to think the latter is more likely on the basis of real world events. I can't see the Fed raising interest rates as the dollar is so strong and getting stronger. Therefore bad news will just slowly trickle in. A sudden crash in the next week or two is looking less likely. David