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To: dennis michael patterson who wrote (16406)	10/6/1998 9:03:00 AM
From: Electric	Read Replies (1) \| Respond to of 42787

dennis, I see DELL at 59 3/4 That rally you mentioned the other day might come today, I was expecting it yesterday. I think we arent to the lows that one might see on DELL, but 56 and change looks good compared to how DELL is going to run today. My puts are so close to fair value, that I wont see alot of drop today, the premium will just be put back into them. I might add if things get out of hand, but I am a day working stiff now so I can only at lunch. I think the mover when this market decides to behave is CSCO... I hope you have a great day, I will check in during lunch I hope.. later.

To: dennis michael patterson who wrote (16406)	10/6/1998 9:18:00 AM
From: Jay Lyons	Respond to of 42787

Dennis- High in DELL this morning was 60, currently around 59 3/4. From Cramer this morning... >>Gotta hate those buy programs that take us right back to even and then leave us for dead. Because of them we prolong any hope of a solid retest of the bottom that would allow for a solid opportunity to get long. All stocks have a quicksand layer that comes from these buy programs. The earth under them may look solid, but it's deadly.<< Jay

To: dennis michael patterson who wrote (16406)	10/6/1998 12:59:00 PM
From: Judy	Read Replies (2) \| Respond to of 42787

Remember we are now in the midst of options expiry, it would not be unexpected to see DELL attempt to traverse the strikes of 55, 60, 65 to unwind positions. As for positioning into shorts, I post in advance my views and people can decide their own entry points and strategies. LU was a short at 89, GPS was a short at 59, MER at 60, etc. Here's a recent post on PFE and EMC ... Message 5900097 I have been wary of them as longs for many weeks now and have posted my read on the P&F thread. I am not particularly good at shorting ... but I certainly do not overstay my welcome on any long trade on stocks that I feel are shorts in the making.