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To: Jim Patterson who wrote (45817)	6/2/1998 10:31:00 AM
From: SecularBull	Respond to of 176387

Jim P., you make a good point about wasting time on SI if you're not going to trade. I'm not going to, nor do I trade my shares in DELL. I do trade my options, but I sat on my hands on this last go around. The reason for that is that during the correction, I was unable to attend to the market to the extent that I needed to in order to trade responsibly. Since all of my contracts are Jan 2000 calls, I figured that I may loose some GAIN, but not enough to justify selling the lot. In the end, I know I'll make a lot on them. I did sell half of my Jan '99 calls when the stock was at 95, and I executed the other half with the proceeds from the sale. This was a good, conservative hedge in my mind. In all, I faired better than if I had just held them all. I still believe that consideration of taxes (etc.) is very important. I have to disagree with you there. I see your reasoning, but since I'm not really a trader, it goes against my philosophy. Happy to stay Long & Regards, LoD