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

To: Judy who wrote (61222)	8/26/1998 8:58:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 176387

Judy, you shouldn't have sold August 95 puts. And, what kind of October calls to you hold? DELL may very well go to 150 in the very near future. I'm not betting my life on it. If it does, it will be before a post-split 10-15% correction, IMO. DELL and CSCO (and some others) are seen as stocks with real earnings and real earnings growth. That's why DELL was up so much today. This is VERY BULLISH. Nevertheless, based on historical charts, DELL is very rich. You have to decide for yourself if it is too rich. A word of advice: Don't judge DELL based on "norms". DELL has not been normal for several years, now. It is an exceptional company that has (is) redefining the course of business. Judge DELL relative to its own performance. I've been on the ride so long now (not long by some standards), that I'm getting nosebleeds. I have long term calls (Jan 2000 60s&65s and 2001 80s, now up ~250% on investment, 30% of current portfolio) that make up the bulk of my non-equity position in DELL. At this point, I probably will not execute them, and probably will not hold them to maturity. But, too, my portfolio is up 15 times (overall, including all stocks) in the past two years, with the bulk of the thanks to DELL. If you get into DELL now, don't bet the farm as some might suggest (you may hate me later for suggesting such a conservative course). My best to you! Regards, LoD