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


To: steve barneke who wrote (115908)4/10/1999 10:05:00 AM
From: gc  Read Replies (1) | Respond to of 176387
 
If you have margin, just sit tight, or you should buy some on monday. This kind of "crisis" happens from time to time, history has shown it is a golden opportunity to buy. Remember last Spring, CPQ did the same thing to us?



To: steve barneke who wrote (115908)4/10/1999 12:18:00 PM
From: arthur pritchard  Read Replies (1) | Respond to of 176387
 
Steve: <buying leaps on bloodbath monday> Good idea. But if you don't mind, I am trying to understand your original post to sig. What do you mean, when you say, "the rest will keep my margin down"? Also, my experience with weekends has been that many times by monday, alot of the hysteria has worn off. I'm not saying there may not be a down starting point, but I will not be surprised to see extremely high volume rises, on Monday. Your "margin problem" may not be one, by the end of the Monday trading day. I loaded up on Friday.



To: steve barneke who wrote (115908)4/10/1999 2:04:00 PM
From: Sig  Read Replies (2) | Respond to of 176387
 
Re: Margin
Once, perhaps twice each year the Margin Gods demand a sacrifice. During a recent downturn(best forgotten), I did as follows
1. Sold 2/3ds my Aol (sob), but bought a call.
2. Sold 1/2 my Yhoo, (sniff)but bought a call.
3. Sold everything but Dell that was a loser.
Some of these were non-marginable stocks so it helped a lot but
the Gods were unappeased. They were after some Virgin Dell stock
After a week of fighting, I gave them what they wanted (some Dell I had purchased recently at $40/sh.) And bought some Leaps.
Within hours, Dell has turned around and started back up from $36 to $48.
Summary:
Never having had experience with a margin call, I had no idea how it was handled and have no desire to learn. I had plans in place to deal with it and ( generally only) followed the plan without losing much Dell. Gained some calls or leaps on yhoo, aol, Dell.
Retained enough equity to have fun with small amounts of aware, qcom, cnet, rnwk.
The reports of Dell's demise may be greatly exaggerated, while CPQ looks like a basket case.
Good luck
Sig