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


To: Winston Kim who wrote (100680)2/16/1999 5:02:00 PM
From: Evan Cohen  Respond to of 176387
 
I hate to say this, but this isn't the first time this has happened.

I'm long DELL (2000 shares), but this has happened like 5 or 6 times in the last two years (since I started trading DELL options). There's excitement up to the close before earnings, with the longs on this board getting all excited about beating the whisper number and splits. Then there's the usual few cranky bears, getting the bulls riled. Didn't this just happen in November? Then the number comes out, which is good, or great, but "not good enough," and the stock takes a major beating the next day, wiping out the short-term call buyers and draining the put-sellers' accounts of cold hard cash.

Not me, not this time. I bought 30 DLQNQ before the bell for 2 15/16, just to protect my long position. Expensive insurance, I know, but I just can't let this happen again.

DELL is the stock of the future. Let's buy in the 70s.

EC