FYI...Just picked this up on the Raging Bull thread...
Infostock's Opinion on DELL
<<DELL COMPUTER (NASDAQ: DELL) DELL's move on Friday was rather interesting. After watching IBM, MSFT, and INTC hold its gains throughout the day, DELL, which was up 1 for most of the session, pulled back late in the day for no apparent reason. This proved to be a buying opportunity in the last hour of trading on Friday as DELL moved higher along with the rest of its counterparts, adding 0.69 to 33.88 by day's end. DELL is still resting under its key 200-day moving average level of 35.69 per share. We would like to see the stock creep back over these levels and hold, as this would be viewed as positive for technicians on Wall Street. As stated earlier, DELL will be having an analyst meeting with Paine Webber this Wednesday, June 9th. Keep in mind, Paine Webber was the brokerage house that downgraded Dell Computer back on Friday, May 14th, two days ahead of their first quarter results. Back on the 14th when the downgrade was issued, DELL was trading at 41.19 per share. Well, here we are at 33.88 per share, over 17% off when the downgrade was issued. It will be interesting to see what Paine Webber will say at their upcoming meeting with Dell on Wednesday. Patience will have to be the name of the game for this stock. Do not let the minor day to day fluctuations hinder your long-term outlook for the stock. >>
edamo: I'm not sure why they think Pain Webber is so important -- they haven't been the most accurate DELL forecasters in the last few years. Lets hope they keep an open mind when they talk with DELL management this week. DELL seems to be right about at its 200 MDA level. I don't expect us to stay there too long. This worldclass company is undervalued big time, IMO. Now if only most of the large Growth Funds would agree with me, we would be all set <GG>!!
Best Regards,
Scott
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