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


To: Jenna who wrote (50872)8/27/1998 1:50:00 PM
From: Pierre J. LeBel  Read Replies (1) | Respond to of 58727
 
Hi Jenna, hold on to those DELL puts: you will make money, so will I.

It turns out that I was a bit early yesterday morning when I loaded on the Sept 130 Puts. However, look at the huge volume today. lots of distribution going on. They will soon run out of buyers while funds will have to sell to prevent DELL from taking over their whole portfolio!

Could be below 110 by next Tuesday.

Have a very nice day.

Pierre



To: Jenna who wrote (50872)8/28/1998 10:42:00 AM
From: Pierre J. LeBel  Respond to of 58727
 
DELL now trading at 120 and still going down. 11,000,000 shares traded in the first hour. WOW!

It feels good, does it not?

Pierre