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

To: OLDTRADER who wrote (110363)	3/19/1999 10:46:00 PM
From: Lockeon	Read Replies (1) \| Respond to of 176387

Good Evening WBM - would like your thoughts and those of edamo, Mark about this article I picked up - I mean obviously Dell got pinned to 40, but does this portend something that should be considered in the short term and what is your assessment of the situation.... Thank you.... Regards..... Courtesy Belikemike of the TMF thread.... __________________________________________________________ Options Action May Push Dell By Dan Colarusso Senior Writer 03/18/99 01:42 PM ET While index-option traders conduct their usual expiration jockeying, there's one big-name stock experiencing pressure from an enormous amount of options interest. The name: Dell (DELL:Nasdaq). The problem: open interest. From the Dell options crowd at the Philadelphia Stock Exchange, word was that the big money players in the pits were responding to options-trading patterns and trying to determine where the boxmaker's shares may land. "The thing could get pinned at 40, or the market could rise 200 and it could pop," said one floor trader. "Either way, there's a lot of pressure coming from the open interest." Traders, in fact, are expecting a busy expiration for tech stocks based on the historically high levels of recent action in the Nasdaq 100 futures. Other index action, traders said, was indicating a slightly bullish tilt heading into the second half of trading today. Back in downtown Manhattan, CIBC Oppenheimer senior options strategist Michael Schwartz took a break from rehearsing for tomorrow's mandatory triple-witching appearance on CNBC to chat about Dell. "If it goes down to the wire and positions are not rolled, the impact may not be that great," he said. "But if the stock trades through another stock price, sell orders coming from the exercise of the options may materialize on Monday." That could be key if enough of the call-buyers exercise and take on the stock positions. Because Dell attracts so much retail investor traffic, those call-buyers may not have the money to exercise, so they may simply close out the positions. As a result, market makers may end up buying back the contracts, exercising them and selling the shares to offset other in-the-money positions. "The option overhang could have an impact," said Tom Burnett, the senior trading adviser at Wall St. Access. "But it could work both ways. It's difficult to figure out where it will land." Dell's March open interest was deepest in the March 45 and 50 calls, contracts quickly becoming quaint afterthoughts as the stock bounced around 42 at midday. The March 45 calls have more than 62,000 contracts outstanding, and the March 50 open interest stood at more than 55,000. Their premium was rapidly eroding. "Those things are no bid-a-teenie," the floor trader said, describing how much air had come out of the prices. Dell, which typically owns at least a few of the top-10 volume spots, wasn't having a busy day today. There was some rolling forward of March contracts into the April expiration month. The March 45 calls traded almost 5,000 contracts by midday, but most of that likely was players closing out positions or buyers taking lottery-ticket chances on a pop in the stock on expiration Friday. Action at the 40 strike price in the March options was a little heavier because of the current in-the-money status of its options. The March 40 calls traded almost 1,400 contracts from 2 1/16 ($206.25) to 2 3/4 ($275).

To: OLDTRADER who wrote (110363)	3/19/1999 11:20:00 PM
From: freeus	Read Replies (2) \| Respond to of 176387

William do you mean that...never ever have a mutual fund? Not even Janus 20 with all its AOL and DELL? Of course I have to have mutual funds in my 403B (the employer wrote it that way) but I have a few others I dont have to have...maybe I should liquidate and just buy DELL,especially at these prices. Freeus

To: OLDTRADER who wrote (110363)	3/19/1999 11:46:00 PM
From: SirVinny	Read Replies (1) \| Respond to of 176387

Hi WBM, You are right, Mutual Funds are for imbeciles. These imbeciles don't realize that Fund Managers are profiting from their money. They take their investments and use it as leverage. When stock goes up, investor gets 30% while fund manager makes 70%. And by manipulating the information, fund mangers are almost assured of never losing. Tried many time to convince investors in mutual funds of the absurdity of investing in such Funds but to no avail. When someone is stupid there is no shred of intelligence that he will understand. SirVinny

To: OLDTRADER who wrote (110363)	3/20/1999 12:27:00 AM
From: stockman_scott	Respond to of 176387

FYI....<<First "Barron's 500" Ranks Largest Companies By Total Return, ROI; America Online Places Number One NEW YORK--(BUSINESS WIRE)--March 19, 1999--In an era when a company without any earnings can still have a rapidly rising stock price, the March 22nd edition of Barron's, on sale tomorrow, unveils the first annual Barron's 500 company rankings. Barron's 500 offers investors a new yardstick with which to demystify the market. Barron's rankings take the 500 biggest companies in terms of revenues, and then rate them giving equal weight to 12-month total return and return on investment (ROI). By integrating ROI into the formula, the ranking examines management performance apart from stock performance. The top spot of the first Barron's 500 was captured by America Online (AOL) whose ranking was well ahead of the pack. AOL's 12 month total return of 585.5% and relatively modest ROI of 13.8% yielded a rating almost twice that of second place Dell Computer Corporation. While Dell's total return was 251.5%, its ROI was substantially higher than AOL's at 59.4%. Barron's, the Dow Jones Business and Financial Weekly, focuses on the top five companies with in-depth analysis of each and interviews of key executives. After AOL and Dell, the next three companies are Best Buy, EMC Corp., and Apple Computer. In addition to the focus on the top five, there is also a section on Oxford Health Care, which rounds out the ratings at number 500. In addition to Barron's, Dow Jones & Company (NYSE:DJ) publishes The Wall Street Journal and its international and Interactive editions, SmartMoney magazine and other periodicals, Dow Jones Newswires, Dow Jones Indexes, Dow Jones Interactive, and the Ottaway group of community newspapers. Dow Jones is co-owner of the CNBC television operations in Asia and Europe, and also provides news content to CNBC in the United States. CONTACT: Dow Jones & Company, New York>>

To: OLDTRADER who wrote (110363)	3/20/1999 5:20:00 AM
From: Frank Ellis Morris	Read Replies (2) \| Respond to of 176387

Good morning William, Could not agree more with your analysis of mutual funds. Unfortunately the public in general does not understand or appreciate the ammunition they give to crooks that make scams out of every situation imaginable. You may think that the justice department would do something or maybe they condone what is going on in the day to day trading manipulation rackets. IBM getting downgraded yesterday really hurt the performance of the Dow and spilled over to Dell. HOping for a rebound this coming week. Best Wishes Frank

To: OLDTRADER who wrote (110363)	3/20/1999 5:27:00 PM
From: Tom K.	Read Replies (2) \| Respond to of 176387

NEVER EVER OWN A FUND!wbmj I rarely respond (and don't own mutual funds other then a 401K), but today's IBD shows returns for "Selected American Shares" as 1998=16.3%, 1997=37.3%, 1996=30.7%, 1995=38.1%. Others show similar returns. For the individual not interested in following and trading individual stocks, these returns look OK and reasonably consistent. What am I missing... or has this just been soapboxing? Tom

To: OLDTRADER who wrote (110363)	3/21/1999 2:10:00 AM
From: Curbstone	Respond to of 176387

BM, Please don't take this wrong. I was going to send you a private message but you have not made it available. Did you know that a simple email to the webmistress via the link at the bottom of this page can clean up that moniker of yours? It looks to me like you were trying to add your email address to the end of your name, ran out of space, and hit the enter key. She/He will fix it if you ask him to. If you already know this and like your moniker just the way it is, accept my apology in advance, it was not my intent to offend. Mike