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

To: SecularBull who wrote (70309)	10/8/1998 11:01:00 AM
From: MichaelW	Read Replies (3) \| Respond to of 176387

It looks like CSCO bottomed out, maybe Dell too. It's a sad day, it's raining in NYC. MW

To: SecularBull who wrote (70309)	10/8/1998 1:17:00 PM
From: Don Martini	Respond to of 176387

Hello, Long On Dell: You've been repeatedly so encouraging and enlightening to me, perhaps I can reciprocate, on the other hand this may all be old hat to you: Dell is around 44.00 Sell the shares you bot for more than 44, take the loss for 1998 Sell November 45 puts, I got 8 for them, they're more now. Your effective sale price is 53. If Dell drops the stock will be put to you at 45, but your actual cost is 45-8 = 37, and you own the stock again and can repeat. If it goes up: sell higher puts and wait for them to be assigned, again at a savings. Imagine: In Nov Dell is 55 Using the technique above you sold out for 53 Sell January 60 puts for around 13; effective price = 47 if assigned Or keep the 13 to add to the 53 = 66 If Dell is 30 in Nov, the stock will be put to you for 45-8 = 37 Sell the stock at 30, lose 7 Sell the Jan 35 puts for about 10. Net gain about 3. Or sell the May 35s for about 15; gain more. etc, etc: Best wishes, Long On Dell! Don