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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Brad Bolen who wrote (29180)9/28/1998 1:35:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 94695
 
Dangerous play but then again who knows. They do seem to defy gravity. MUEI reports earnings after the close Monday so look out if they miss though I don't expect them to. Personally I think they could be the next DELL someday but I am holding zero stock long at this time. I have forced myself to only play calls and puts for a day or two at a time and end every week with nothing but a couple insurance puts to put under my pillow in case of a weekend meltdown.

I have a long I want to enter myself that reports in a couple weeks and know I will be kicking myself for not getting in if we don't go down as I think we should, but I just can't see risking it right now since each day is getting us closer to BK day. I may pull the trigger anyway and then just get some extra puts on something inflated as a hedge, I haven't decided yet.

Good Luck with your DELL. Hope you got it in the 50s and not the recent high. Be nimble,

Lee