the recent low volume could mean both things: one is that little interest around dell, the second is that some money is moving out, and no big money in. Given the fact that Dell is the shelter stock in the storm, once the investor confidence is back, they ran into those badly beaten stocks, resulting in less money coming in. However, Dell should not have heavy selling at this enviroment and near earning annoucement. If u watch Level II recently, every dip in dell met with strong buying followed, indicating that huge selling has not started it yet. IMHO, before Fed meeting, the market is still in good mood. will be some selling after that. thus, i believe Dell will have a chance to establish a new high. this week, we may see Dell dances around 65, good run should start in the next week, if no bizzar bad news hit the shore.
regards
bill l |
