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

To: AmericanVoter who wrote (58069)	8/13/1998 1:39:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 176387

I would not buy any Aug 120 calls at this point. There is a good chance Dell will not get above 122.25 (120 + 2.25) by Aug 21, so if you hold them til then, you would lose all the money you put into them. Even if Dell goes up before then, their time value (the 2.25) is diminishing rapidly. I would sit tight, watch the stock price closely and hope like hell for blowout earnings and a stock split. Then, you could sell them with a small loss or some profit between Aug 19-21. If you are buying short term options in a volatile market I would buy "in the money" calls. I have Aug 100s that I bought for 12.50. Not a great situation, but if for example, Dell is at 109.25 on Aug 21, I will only lose 1/4 of my money. JMHO

To: AmericanVoter who wrote (58069)	8/13/1998 2:15:00 PM
From: T L Comiskey	Respond to of 176387

AMA....im hardly qualified to give advise...but ive won and lost on opts....so if it was my $....i'd follow Bob;s lead...would NOT buy more......IF it were to move up Tue id consider selling some if not all of my position for safety's sake... this market has TOO many people worried about the short term for any great action ...i fear.....not saying we could not get a POP...but erring on the side of caution is how i generally play it....as to taxes...a loss is a loss....helps to have offsetting gains.....and as to going long...i bought a chunk of dell stock the morning after the last split was announced...have been happy ever since...if a split is NOT announced we may see some downside...it may not be all that much as we have not run up here...this is my 2 cents worth....Good Luck...tim

To: AmericanVoter who wrote (58069)	8/13/1998 3:20:00 PM
From: tsyl	Read Replies (2) \| Respond to of 176387

Your ? about Dell calls... many on this thread will be exceedingly happy to provide to you their voluminous insights into which call strategy to persue. Use your own best judgement. I too hold many calls currently. It just seems questionable to me that people on this thread actually trade the advice of others on this thread. Know why you buy, know your exits, and stick to your trading plan. My guess is that you, not unlike myself, did not set stops ( either formal stop loss orders of just a given price in your head) for Dell.

To: AmericanVoter who wrote (58069)	8/17/1998 10:15:00 PM
From: AmericanVoter	Respond to of 176387

The power of averaging...the conviction of probability... In a previous posting, I solicited input from all threaders on when to close my Aug Call options, and if I should average down on my Aug 120 calls... to which I received some responses which I do greatly appreciate... As I do not intend to post here anymore, I want to give everyone an update. Well, I went ahead and averaged down anyway. My new average is now $1.50. Reckless, calculated whatever... You see, I could not pass the chance on buying some Aug 120 calls at $0.50. Afterall, I was contemplating buying at $1 to average down to $2.25. I figured, in all probabilities, there is a good chance it will go to $1 by earnings time, and then I am not that far off from my average. So, thanks to every body who took time and responded to any of my postings. Amein Alsuezi emz@gwu.edu