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

To: lin luo who wrote (80242)	11/14/1998 5:34:00 PM
From: larry	Read Replies (1) \| Respond to of 176387

Lin Luo, I wrote those puts several weeks ago when Mr. Softie was in double digits. I can close the position next Monday if I am worried about a sharp dip next Tuesday. Besides Softie, I currently have some DELL May 55 leap naked puts which I sold yesterday at 6 3/8. Closed 220 contracts of DELL Dec., Jan. Feb. puts before DELL pushed through 72. Will sell more if the issue dips toward 50-55. I believe that DELL is a still a great company and will be traded in the high 60s to low 70s in 2-3 months barring a major shock from either the company or the market. I always sold YHOO! too early but frankly, I believe that the share price is way overvalued. Still a fantastic company, but worth no more than 50 bucks currently. In 10 years, this should be a 100 billion company for sure. larry!