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

To: space cadet who wrote (12051)	7/27/1998 4:27:00 PM
From: larry	Respond to of 18691

Space cadet, On my DELL shares, I wrote August 120 calls when it topped last week, and bought the issue back gradually during the last two sessions. However, loaded some more shares at 102 and some nice calls. My DELL accounts for more than 70% of my account, along with MSFT (I wrote covered calls two weeks ago), and CSCO (betting on a 3:2 split). I won't touch PSFT as long as DELL is more exciting and can make me more $$$ in the next three weeks. As you said, we will definitely see a big correction in the fall and I will be very careful about every move...However, the only issue I will keep at that time is Softie, and will write deep in the money calls to protect my gains. ALso agree with you that you have to watch this DELL puppy often. It can turn around so quick and it will be hard for you to catch up with its pace. larry!