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Strategies & Market Trends : 50% Gains Investing
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To: Mao II who wrote (3030)2/15/1999 12:36:00 PM
From: Dale Baker of 118717
 
Here's one for the "well, maybe" department: look at a 2-year chart for DELL and note every time it has retraced 20%. Almost every time it recovered within 2- 4 weeks and moved up again. The one exception was the crash last October where it eventually fell another 20% before recovering - but it ALWAYS came back.

Will this time be different? On the one hand, the market may be genuinely tired of nosebleed PE's. But institutions will still buy the top S&P 500 tech stocks, so DELL is a must for many, many funds.

Thinking about this one as DELL earnings approach Tuesday evening...
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