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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (15029)	8/26/1998 8:04:00 PM
From: Judy	Read Replies (2) \| Respond to of 42787

Electric, I think DELL has technical resistance at 130-132, but the market's logic is hard to gauge now. Suddenly one hears the media report that DELL may be a "safe haven" stock ... so it could run alot more. Note that 3Q window dressing is just one month away ... and the funds indeed want their portfolios to show the "right" stocks. No one gets fired for having DELL, CSCO, or MSFT in their portfolio ... these companies perform consistently and have assured the Street that they do not foresee glitches in the future. So, gauge the momentum and sentiment and trade accordingly. I have not sold puts this cycle yet since I was wary of getting caught in a blowoff selloff. Holding Oct 120c now, and will play them by ear. Wish I had bought leaps two months ago when I was fiddling around selling measly puts. Watching DELL recently, I have been tempted to daytrade it. But as we near the split date, DELL's days as a daytrading vehicle may be over.