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

To: Ian@SI who wrote (121829)	5/3/1999 11:23:00 AM
From: Joseph Francis Torti	Read Replies (2) \| Respond to of 176387

Thanks Ian, Well I think I am a smart investor and my only problem is patient. This is why I like to sell cover calls. IT has teach me to be more patience and so far I am doing very well with the cover calls. Like I said before some people are born lucky. Not so in my case so cover call works well for me. And I could give a shit if Dell goes to $100.00 by May 21st. With my dell that I have some at 41.70 with the calls even if the shit gets called back, my Quicken said I still make money on Dell. That's my bottom line I am not a greedy investor. Joe the loser

To: Ian@SI who wrote (121829)	5/3/1999 12:17:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 176387

Ian, I believe that owning long-term calls is an essential component of any advanced investment portfolio (assuming one is a bull). Therefore, I disagree with your assertion that there are "plenty of good ways to make money without screwing around with options". I would assert that if someone is unable to understand options strategy, then perhaps they don't understand enough about the markets to start with. Derivatives play a major role in our markets, and any investor who invests without regard of (or understanding for) derivatives and their effects on our markets is foolish to some degree. I encourage all investors on this thread to learn about options (at least at a basic level), and how they play a role in the market. As their learning progresses, they should take up some small positions or paper trade options. From there, they can move on to including options as a part of their overall investment strategy. I would find it difficult to believe that someone would feel comfortable taking up an equity position in DELL or another tech in this market, but be completely unwilling to trade (own) long-term calls. If they do feel that way, I would assert that their understanding of risk/reward and market risk are skewed (they underestimate the risk in equity). Just my opinion. Regards, LONGonDELL