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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Thompson who wrote (858)	2/28/1999 12:31:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 2383

Are you short DELL? If so, hopefully it is from 100 or better. If you are joking, the answer is no, I'm not afraid to short DELL. I have done so before profitably, though not recently. Basically I short for three reasons. First is based on recommendations from computer models, and I currently have no model for DELL. Second is for fundamental reasons, which is the reason I just shorted SMOD quite successfully, and am considering a RMBS short. The third is based on market fundamentals, as a hedge against my portfolio. This last reason is the reason for my last short of DELL in October of 1997 when I shorted it from pre-split 100 to 80. Yes, DELL is terribly overvalued. But it is also likely to stay that way, at least for now. I believe I have enough shorts in place to hedge my portfolio, so I'm not looking for others. At this point all I am after is that if PROG goes down, then I am short something else that also goes down. DELL would probably work as well as CPQ, but I already made my choice. Good luck, Carl