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

To: Sig who wrote (92048)	1/28/1999 3:57:00 AM
From: On the QT	Read Replies (2) \| Respond to of 176387

Hi Sig, Thinking about the time when Dell will just become a very good stock among may be 3 or 4 stocks I would hold. Right now, I am fully into Dell in a way. That is, I am using Dell only with about 90% in and 10% out. In other words, approx. 9 out of 10 days my total bankroll is "in". Actually that is an oversimplification. Most of the time my trades when made, are inter-day and so I am rarely out of the market (it happens often enough), but in terms of actually time in and out, it is actually over 90% "in". Maybe when we get together, I'll go into a little more detail. More and more I find that the use of leaps might be better suited to my needs. Of late, I have started to use Margin (in two new Non Ira accounts). I have yet to use options I really will need to take a few months to understand and use them intelligently. Right now, from what I know of them, it would appear that Leaps would give better leverage over a longer period of time. It also appears that is sufficient evidence to suggest that one can get an edge using Leaps in a tax environment; something I never had to immediately deal with in my IRA accounts. Anyway,I tentatively am leaning towards leaps and from a different direction, thinking about the leverage advantages of margin. So I guess you would know where I am going with this, in and out, margin and leaps and making enough sense of it, so as to increase my edge. But I think I want to concentrate on just Dell right now for all of that. Was on the phone with the Omega people kicking around the idea of getting their stock and options Trade Station. It may make certain things that I think I need to explore and use, easier. However, I get the feeling that it will take about two months before I will get comfortable with their stuff. So be it. This Black- Scholes and Beyond Options Pricing Models thing is not too easily handled with calculator, pencil and paper by me. At first I thought no big deal. Now going through the process it does not get any easier. Very time consuming and too many mistakes, very frustrating and humbling, and not fun for me. But I will not back off , I'll see it through, however imperfectly. No question, the computer needs to be used, but the learning process suffers. Right now can't get my " hands around, my brain, in it". Anyway, the worst thing that can happen is that I will be able to use it, but will not be able to improve it. Which is still better than not using it at all. Attracted to being in the kind of "action" you are in. 17 stocks and 55 different options, I would not know how to handle the decision making. Maybe that is because I don't know enough about those stocks and the options and working with all of that stuff. In a sense,you have created your own mutual fund with connecting options? Are these stocks in different areas and do they respond differently to the Market? In other words, are these stocks selected to protect your investment under different market conditions? Are they selected with a certain performance criteria? Are they "just" a bunch of good performing stocks that you know and work with options? Do you ever work an option (s) just as a pure options play? If so, do you ever work a group of options that take on the protective aspects of a group of stocks that are designed to weather different market conditions? Regards, QT