Dell will go private?

[turkeyneck]

SAN FRANCISCO (MarketWatch) -- An old adage says, "If you can't take the heat, get out of the kitchen."

http://www.marketwatch.com/story/dell-like-sun-considered-going-private-2010-06-22

 

[noob_trad3r]

The CEO had the corporation short lots of DELL puts trying to boost corporate earnings during the dotcom bubble and it ended up costing the company billions when the puts went deep in the money and Dell was forced to buy overpriced stock.

This is why I think buying technology stocks in general are poor investments. Too much hankypanky.

 

[zdreg]

what groups don't show hanky panky?
is there any group left to invest in?

 

[noob_trad3r]

Quote from zdreg:

what groups don't show hanky panky?
is there any group left to invest in?

Only stock worth it is SPY and otm covered calls to collect HFT noise premiums.