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

To: freeus who wrote (109690)	3/16/1999 2:42:00 PM
From: Venkie	Read Replies (1) \| Respond to of 176387

aol...If u wait for a dip then the market will go up.. wait for it to go up then down she goes..We are on our own..butts to the starboard bow mate<gg>.. Dell !! Would u pls go ..50 thank you

To: freeus who wrote (109690)	3/17/1999 2:52:00 AM
From: PAL	Read Replies (3) \| Respond to of 176387

Freeus: this is what happened: I sold Dell Mar50 put at 4 7/16. I did not want to take a chance that Dell would close below 50 on Friday and I would be assigned. I bought back that Mar50 put at 6 1/4. Where do I get the money to buy? OPM. How? By selling May50 put at 8. So now I am ahead 8 minus 6 1/4 equals 1 3/4. And I still have my original 4 7/16. Now reread edamo's post to me: Message 8331303 He says it best: "you should never lose "real" money on a put sale...only take tax losses...always reset position for higher premium. what does he mean? Take a look at the above example: by buying back and selling for higer premium I did not lose money, I am even ahead right now: 4 7/16 plus 1 3/4. But I can take tax loss on my Mar50 put, i.e sold at 4 7/16 and bought back at 6 1/4. That is just beautiful and completely above board. Well come May 21st, we cross that bridge. Re: AOL. Did you see that post regarding Heard on the Street of WSJ where some managers keep buying stocks of AOL, DELL and MSFT regardless how high they are? (I know that I did not make a mistake buying MSFT at 149 1/2 a few days ago). As Kemble says: There is no bad time to buy Dell. Good Luck to you. Paul