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

To: Uncle Frank who wrote (88352)	1/10/1999 11:05:00 AM
From: BGR	Respond to of 176387

Uncle Frank, I am sticking to my original plan which is to sell 1/3 at 90 and another 1/3 at 95 and hold rest till expirey if DELL hits those prices or roll out to Mar if DELL is < 85 by Jan end. The options have started losing time and volatility premium so the price action is not unexpected IMO. My target return is a steady (if extremely unreasonable, but one can always hope) 75%+/year with minimal trading and substantial diversification in LT holdings (this has worked for me for the last 5 years). This year has been most unusual as I am already a third of the way to that in the first week. Which has made me extremely nervous. At this rate, pretty soon AMZN will have a market cap comparable to the US GDP. Now AMZN is an extremely fine company from the consumer prespective (I will never go to B&N again as their stock sems really limited compared to AMZN's) but the price action is unsustainable as there is clearly not enough asset in the entire economy to support the hypergrowth in it's equity price. But maybe the internet will change all our lives and fuel extremely strong growth in the Us (4%+) and world (??) economy as some have predicted. I remain cautiously optimistic. -Apratim.