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

To: AmericanVoter who wrote (58119)	8/13/1998 4:47:00 PM
From: tsyl	Read Replies (3) \| Respond to of 176387

$106 in after hours trading... down a little further. Mr. A, Dont feel bad. I didnt set stops either. Would have stopped out same day if I had. Earlier in the year I got fill on the way down with Dell and ended up eating five figures (call options). The same will happen this time. I have no doubt now. I wish you the best with your options. Aug's are fading fast and Sept's arent far behind. I take back what I said in past posts about Mr. Spaulding. Dammit, he was right about the option premiums. I should have known.

To: AmericanVoter who wrote (58119)	8/13/1998 5:30:00 PM
From: William C. Spaulding	Read Replies (2) \| Respond to of 176387

It seems that at this stage, I am going to have to wait till the 19th hoping for a blowout and split announcement unless I can come out on the 18th before the announcement with say a more reasonable loss... Waiting until after earnings are reported is when you are going to suffer your greatest loss. You don't understand how options work. Even if Dell goes up several points, the value of your calls are going to decline, because demand will suddenly drop. Also, Dell isn't going to rise much, even if they do have a great earnings report and even if they announce a stock split. I know most people disagree with this, but history shows that stocks don't increase in value just because of splits. In fact, if you look at a chart of Dell, I believe in 1995, Dell had a stock split in late October. It went up a couple of dollars during the beginning of November (not unusual, since stocks do tend to go up at the beginning of the month), and then it declined more than 50% to reach a p/e of 7! Splits help a little in an up market, but will not increase stock prices in a down market. IMO, the best time for you to sell is Tuesday morning, BEFORE the earnings report, while you still have significant premium. Otherwise, you're going to suffer a greater loss. While you and others here may disagree, we only have to wait 3 more trading days to see who's right. Good Luck!