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Strategies & Market Trends : Roger's 1998 Short Picks
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To: joe who wrote (11445)7/13/1998 9:35:00 PM
From: larry  Read Replies (2) of 18691
 
Joe,

I think that MSFT has a fat chance of hitting 125 by the close of Thursday. I was thinking of 120, but it seems that I am too bearish based on the price move.

However, there should be some mild profit taking after the earning release. And the court hearing begins in early September. Look for a pull back to 108-112 as reentry point.

Of course I seriously believe that DELL will hit at least 125 before they report. If they rally above 140, look for massive profit taking to pull the issue back to 110. The double digit day for DELL is over unless a stock split.

good luck,
larry!
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