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

To: Broken_Clock who wrote (54268)	9/29/1998 10:45:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 58727

How recent is recent? I know there was some selling in August but haven't heard of any since. DELL is a dangerous short/put play as many "DELLHEADS" feel that DELL is bullet proof since it has had it's hey day in a bull market. They don't understand that nothing is immune in a serious correction/crash. Therefore, unless there is a real crash, they will relentlessly buy the dip until they run out of money and things to pawn. I may scalp a couple points if my MU puts hit my target faster than I expect and the OEX put premiums are too high. My favorite put target IBM is too low to give me allot of down side unless it bounces soon. I rode it from 134 to 132 and left the last 2 points on the table. I think MU could hit 26 but will exit according to the overall market conditions.

To: Broken_Clock who wrote (54268)	9/29/1998 11:31:00 PM
From: Charger	Respond to of 58727

That article was not so "recent" on DELL - Chief Executive Dell disposed of 2.1 million shares worth about $249 million late last month That means late August, just before the "crash" that everyone seemed to know was coming. As of April 30, 1998, he held about 103 million shares, or 16.1 percent, of the personal computer distributor, according to Dell's June 2 proxy filing with the SEC. So he sold about 2%?