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

To: robbie who wrote (86972)	12/25/1998 7:41:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 176387

* OT * robbie, I was interested in your comment since csco is a recent addition to my core holdings. How do you think csco is currently valued? Do you think a return to the 40s is possible? Frank

To: robbie who wrote (86972)	12/26/1998 1:11:00 AM
From: PAL	Respond to of 176387

Robbie, You are quite right. This strategy involves a considerable risk and a strong stomach. I did not buy CSCO when it was in the 40's early October, but I bought more DELL instead (VBG). Although I am using OPM, it is by no means with no strings attached. Part of my account is frozen to the tune of $ 20,000 cash (10 contracts @ $ 2,000) until expiry. I will not so this to any of those Internut stocks due to the high risk, but some selected stocks I do expect will continue to do well in 1999 (DELL, CSCO, MSFT, INTC). A backup plan is as I posted earlier: roll the put further down, and we can do that again and again with the caveat of the above margin requirement. I do not suggest that the strategy is for everybody. I just happen to like it. Time will tell if it is a profitable move. Paul.