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

To: William C. Spaulding who wrote (60084)	8/21/1998 11:50:00 AM
From: Ben Antanaitis	Respond to of 176387

WCS, Call holders are exercising their options and immediately selling on the open market so that they don't have to fork over the cash. Umm, excuse me, but have you tried this little trick? Options contracts settle the next trading day and stocks settle on the third trading day. That leaves a two day gap where you are in violation of the CBOE trading rules, unless you have the cash initially to cover the stock purchase in your cash account, or enough cash in your margin account to cover the margin purchase of the stock. If you have successfully done this, what brokerage do you use? Ben A.

To: William C. Spaulding who wrote (60084)	8/21/1998 12:00:00 PM
From: GRANOLA	Read Replies (2) \| Respond to of 176387

WILLIAM: Regarding your post: <Dell will continue to decline for the rest of the month and the beginning of next month, regardless of split announcement.>; How can you believe this given the huge influx of large institutional buying yesterday? Certainly they didn't sell this morning...this is just a negative day because: 1) Summer Friday 2) Options expiration, which is a double whammy for Dell given the recent runup (ie. most didn't expect earnings report to be THAT positive) 3) Bombs, Scandals, 3rd quarter earnings hype... 4) Asia, Russia - not new news (down cuz we were down yesterday) I am concerned about the overall market / world issues, but I cannot imagine a better stock in our market than Dell...and I think the $$$ is waiting for any sign of market strength to get right back to buying Dell. After labor day, I agree it will probably go down for a while, but you know Dell will not be a $60 stock for long! JMHO And I'm sure others, like myself, appreciate your opinion. Take care, GR P.S. If it goes to 115, I'm doubling my position!