Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 129.08

+0.5%

1:46 PM EST

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To: Larry who wrote (746)	8/20/1997 1:09:00 PM
From: Craig Schilling	of 1124

Thanks Larry, I just shorted the stock at 87 and I did because we're going into a dangerous time for the stock market on the down side not to mention we are now overbought in the indexes again and we have now formed a double top for the day. Most importantly I shorted because this was the last quarter for Dell to increase their growth rates on a yearly basis which will cause most of the fund managers and momentum players to bail out. Earnings Growth Rates Q4 97 .65* Q4 96 .51 27% **Watch out for slowing growth** Q3 97 .59* Q3 96 .39 51% Q2 97 .59- Q2 96 .29 103% Q1 97 .54- Q1 96 .21 157% Q4 96 .51- Q4 95 .18 183% Q3 96 .39- Q3 95 .19 105% Q2 96 .29- Q2 95 .17 70% *First Call Estimates The upside that can be sustained by momentum is now very limited and all the risk is on the down side. Dell is a good company but even Michael admitted today they cannot sustain their growth rate. Finally, just take a look at the technicals, we reached a new high and yet not one single technical indicator reached a new high. This is a classic loss of momentum and are the early signs of distribution which is shown in money flow. Craig

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