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To: dennis michael patterson who wrote (13379)	7/29/1998 4:53:00 PM
From: Kona	Read Replies (1) \| Respond to of 42787

Poorhouse... is where you might end up going naked with DELL. How about a bear credit spread instead ?

To: dennis michael patterson who wrote (13379)	7/29/1998 5:21:00 PM
From: Sonki	Read Replies (1) \| Respond to of 42787

D, there is only one thing I do naked - ya, u guessed it. take shower. i think u wait for next week ... dell will rally and u can sell into that rally. u will make profit after the erning comes out. it will loose premium then. today, i m starting to feel pain so we must be close to the end. a day or two and we will move forward. good luck, don't get cot w. your shorts down.

To: dennis michael patterson who wrote (13379)	7/30/1998 2:34:00 AM
From: Sonki	Read Replies (2) \| Respond to of 42787

dennis, i like the idea of shorting dell 120 call ( btw: i m long those calls. what a mistake!) . shorting calls is better then stock cuz u will break even at 124 ( if prem is $4). so if the stock moves up on u . u can do a buy stop (?) at 122. and turn the stock over to the caller at 120. u still make $2. pls. let me know how it goes. always good to learn from other people's profit. i think u r right dell will not make 120. high so far is 118. if they don't announce split <g> u r in business. if they announce split then i m in business?