Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nihil who wrote (75864)	10/30/1998 3:39:00 PM
From: SecularBull	Respond to of 176387

nihil, you might add that short against-the-box positions must be closed by Jan. 30 of the year immediately following the opening of the short position, and that the short must be open for a minimum of 60 days to fall into the next tax year, even if closed in January of the following year (as is my understanding). LoD

To: nihil who wrote (75864)	10/30/1998 3:45:00 PM
From: LWolf	Respond to of 176387

nihil... thank you for that explanation. I never knew what 'short against the box' really meant until now. Laura

To: nihil who wrote (75864)	10/30/1998 4:05:00 PM
From: jhg_in_kc	Read Replies (2) \| Respond to of 176387

nithil, i don't understand why it is called against the box. what is the box. Can you spell this out for the mathematically challenged. I am a liberal arts kind of guy. jhg

To: nihil who wrote (75864)	10/31/1998 8:36:00 AM
From: Joseph Francis Torti	Read Replies (1) \| Respond to of 176387

Yeah sound like a good strategy for me. Since Every time I buy a stock it tanks right away anyway. I gave covered call a try, my first covered call purchase was a dell Nov 60 call for 5.00 so you can see I am not making any extra money on that. That strategy will not work out for me since I bought the long position at 67 1/8 this sucker probably will see 70.00 by earning date. So odds are my stock will get called. My only hope is I'm betting with the November calls giving ridiculous premiums the stock might sell off after earnings because of greed that these premiums are high. If Dell match it growth rate of 72% the highest I think Dell will go is $75.00 with the help of the cnbc hype and kramer probably be on when the report comes out on Dell. That will be a great time to short this sucker. I will try your advice for the short term intraday Fluctuation. Thanks Joe