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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Frank Ellis Morris who wrote (137406)	7/22/1999 7:28:00 PM
From: jttmab	Read Replies (1) of 176387

Frank, From June 15 to July 16 there was a 20% gain on the NAZ; a twenty percent gain in one month! It blew right through 2500, 2700 and 2800 with hardly any hesitation. A correction was due regardless of what the Chairman said or didn't say. In terms of AGs stated policy...he hasn't said anything different than he has said before...if the Fed thinks inflation is coming they are going to raise the rates. I doubt that there is an "investor" or analyst who was surprised at what Greenspan had to say. Re:"Take a look at your portfolio today." Mine's actually fine...After a 20% gain on the NAZ, I decided I was going to cash at the first sign of weakness, which was Monday; from Monday I did a few highly selective (low risk) trades for a decent gain for the week so far. Maybe it was all luck, but I'll take it. IMO, the correction will continue another one to three days with a reasonable probability of going to 2600 +/-. A large spike downward like Tuesday will probably signal the end...watch for a sudden bounce. I reassess daily, but that's my call for today. Or just ride it through and ignore the fluctuations, the market always recovers....<g> Best Regards, Jim

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