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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (11548)	7/15/1998 2:34:00 PM
From: larry	Respond to of 18691

Craig, My last buy on DELL was at 103 1/2 yesterday and right now my portfolio has more than 50% DELL. I agree that DELL is gonna be there in August. However, I do wish that the thing pulls back to at least below 110, so that my shares won't be called out. I can almost forget the 20 contracts of July 105 covered calls I wrote at the close of yesterday. It will definitely be called out. My lesson is that I won't write covered calls on DELL until it reaches 135 this time. Maybe i will write deep in the $ calls before the earnings announcement. larry!