Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 125.88

-1.6%

Dec 31 3:59 PM EST

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To: DragonBoy who wrote (517)	7/29/1997 11:05:00 PM
From: Larry	of 1124

DragonBoy, Today, I came back from the tennis courts and saw that the DELL support line at 79 was holding up. So I hopped on a small herd of bulls and rode them up from 79 1/2 to 80 1/2. While I was riding them I got a chance to talk with one and this is what he told me: dell.com Think about this for a minute. On Friday before the split, we had only 300 million shares for everyone to fight over. Now we have one billion. That's a pretty big increase. Maybe everyone is not gonna try so hard to buy something that just decreased in value. It's just like if you went to the art gallery and bought a valuable painting for alot of money because you thought it was the only one of its kind. After you get it home and hang it up on the wall you find out later that there are two more just like it. What's that gonna do to the value of the painting you just bought? I'm not an art dealer or anything, but I would guess that your painting would decrease in value a little. I think DELL is gonna downtrend for a while until Mikey gets the extra bulls running with the rest of the main herd. I don't even know how this is done, or how long it will take. (maybe someone out there can help us learn), Once again, the last time DELL split, it downtrended (with some bumps up along the way) for 15 trading sessions until it found its base and took off for the next high. Good Luck. Larry

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