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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (16518)	10/8/1998 10:12:00 PM
From: dennis michael patterson	Read Replies (3) \| Respond to of 42787

bobby. There is no way Dell wil be 10 in a year. I'll sell you puts RIGHT NOW!! 1000 shares. Call me (609.225.6369)-- we'll do the trade.

To: bobby beara who wrote (16518)	10/9/1998 3:10:00 AM
From: AlanH	Respond to of 42787

BB -- re:Dell will be under $10 in a year from now Well, that assumes some broader market problems, right? IMO within a year DELL will be at least cut in half. Now, the humorous thing to me is that opponents say, "So what! I'd still be ahead of where I was a year ago." Hey, I'll buy that... so it could be cut in half and still be above its 52-week low? A little unsettling. <g> Trouble with pure FA is that people fail to see that such a radical ramp in stock price could not be directly related to operational innovation. As options traders, we become attuned to 'premiums' and implied volatility (even if Black-Scholes doesn't work). OTOH, the "average" long-term investor has one piece of the equation: amplitude, as in, Current Age subtracted from 65 (or, 59.5). Magnitude is variable, assumed to be positive and above money market rates. As such, these folks neither care, nor understand how to measure the premium applied to a particular stock. Enter Mr Bubble. BWDIK, Alan