Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Boplicity who wrote (127648)	5/21/1999 3:24:00 PM
From: Sig	Read Replies (2) \| Respond to of 176387

Hi Greg: This has been a week comparable to a race track where all the favorites lose and only a few scattered longshot players collect tickets. And generally nobody including brokers can be very happy. We can seek some consolation in trying to figure what happened. Here is what I see..... 1. Tech stocks have been recently been able to do nothing right when it comes earnings time. There are all being compared to true Web stocks and have to report a 50% or more growth rate expected even if they never yet made a dollar. Anything less and the stock price gets taken down by analysts with their now tiring and repetitive harping about "slowing growth" which happens to be merely a &^^%^% guess on their part and so unprovable until 3 months into the unknown future. Conclusion. Should have guessed Dell would go down on earnings this time. 2. Tech stocks have now been taken down and slaughtered on the last three (now 4) options Fridays. Somebody has a "good thang" going there.Another thread member posted a clear discussion of what may cause that. A result was that one ? winner bought a huge order of Dell 37.5 and 40 puts and cleared a bundle( over $1mm) on doing so. Same was true of AOL and those puts were mostly sold or settled before 1 pm. So what happened today was also predictable. 3. At these Dow levels,when Greenspan speaks the market goes down, no matter what the bond does. A triple whammy no less for Dell and others. Sig ( hoping for Dell to get above 40 so he can stop buying those irresistable Aug 40 calls). .