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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Perry Ganz who wrote (20977)	4/20/1999 6:34:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

Perry, you get the doughnut, but you also got lucky. If you were smart enough to sell them when the DELL May 45s were at 6+, then great for you. But if for some reason you did not sell, they are currently trading at 7/8 and you'd be in the red (I know you bought in at 2 7/8). Awful lot of risk there in that move and you only had a short window to sell. That's not my type of option play and most people would agree that the risk in hindsight was not worth the reward. My basic commentary still holds regarding DELL. Those options at the time were not a smart move. I stand by my call. DELL has been consistently punished over the past two months. Today is a different story, however. Teflon