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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (50037)	8/17/1998 9:07:00 AM
From: robin 187	Read Replies (4) \| Respond to of 58727

Regarding my options situation in Dell, Lisa and Patrick thanks for your resonse.... and anyone else that wants to add their .02, Patrick you said that you didn't have all the facts so you can't really give advice well I have to admit I wasn't being exactly truthful about the number of options I bought. I was embarrased by how risky I was being by buying the number that I did and didn't want to say but at this point there's nothing I can do so I'll just admit my mistake. I'm sorry for not being honest and I usually am but I can't tell you how embarrased I am that I put myself in this situation and didn't have the good sense to just get out when the trade wasn't working out the way I planned. You know, when I was looking at 5K and then 9K and finally 15K loss, I just couldn't believe I could accept that much of a loss and now those numbers look alot better than where I'm sitting now with a 25K loss. Anyway, back to the facts....I really bought 45 instead of 30. I bought 20 of the August 105's at 12 3/4 and 25 of the August 110's at 8 3/4. The 105's are selling for 4 1/2 and 2 5/16. But remember, I sold those on friday to roll over into the Sept 120's for what I thought would be some insurance on the time value. I bought 30 of the sept's at 3 3/4 and their now selling for 3 5/8. Lisa, you suggested doing a horizontal type of thing... I'm sorry, I really don't know what your talking about. I've only bought calls and have never gotten into anything more involved than that. You suggested checking with the Dell heads as to where they think Dell will go the next 2 days and I have been reading those boards but of course they think the stock is going to blow out earnings and have a pre and post earnings runup. Well, they haven't had the pre earnings runup so I'm doubtful of much of their exhuburance right now. As far as not beating myself up... i'm trying not to. I've tried to get my head straight this weekend and realize that there are worse things in this life that can happen and that it's only money and I'm doing a little better. If I can salvage some of my investment, I can continue to educate myself on options and try and make back this loss in a better market and be content to hit singles or doubles instead of home runs which was my first big mistake. Any further advice from anyone or guidance today will be much appreciated. I'll be checking the board alot today and tomorrow. Again... I hope you all know how much your input is appreciated by us less experienced investors. This is how we learn best is when seasoned investors are generous enough to share their knowledge and experience. Thank you again.... Robin