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

To: Joseph Francis Torti who wrote (48118)	6/18/1998 3:02:00 PM
From: Venkie	Respond to of 176387

Micron is in dog house and expected to come in sick..Wont effect Dell..

To: Joseph Francis Torti who wrote (48118)	6/18/1998 3:09:00 PM
From: jbn3	Read Replies (2) \| Respond to of 176387

Joseph, JMHO, but it has been my painful experience which taught me never to sell DELL calls into earnings and annual shareholder's meetings. One can sometimes make a reasonable profit by doing it immediately after earnings, if the earnings don't meet expectations. My opinion: don't sell July calls. Of course, it depends on how big a gambler you are. If the market dips sharply towards the end of the month, you might have a chance to buy them back at a discount. But I am fairly sure that the stock price will be well above 85 at July expiration. BTW, all Micron did was say that chips are selling at fire sale rates. That helps DELL maintain margins even if ASPs decline. Before I get jumped on: IMO it doesn't matter significantly if DELL uses Micron chips... Micron's competitors are also getting squeezed by the glut, so all chips are cheaper. Regards, 3.

To: Joseph Francis Torti who wrote (48118)	6/18/1998 3:20:00 PM
From: Gabriel008	Read Replies (1) \| Respond to of 176387

IMO, selling July $85 covered calls for $4 3/4 is not a good strategy.I expect that the July period will be very strong for techs given that the Naz has experienced a 10% pullback since April & that most of the bad news is out with regards to earnings warnings. I expect DELL to go through $90 just after the Compaq report and crash through its previous $98 1/4 resistance sometime in late July or early August. If I were you I would wait for September & October to sell DELL covered calls.