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Strategies & Market Trends : Options

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To: edamo who wrote (4816)3/13/2000 1:07:00 PM
From: SecularBull  Read Replies (2) of 8096
 
I would not be surprised to see DELL jump above $60 this week.

Reason 1: Short squeeze with options expiration.

Reason 2: Solid buy-side analyst recommendation from the former preacher of doom and gloom (Dan Niles, who was correct in his earlier negative calls despite drawing the ire of the DELL Thread.), which should keep the profit taking at bay as investors pray to be in the big run after being in the dulldrums. I expect that we'll be reading of "$100 by the shareholders meeting" and rumors of 2:1 splits. (Neither of which I would bank on in the next six months.) Nevertheless, I expect that the true fundamentals will also prove-out, despite the usual baseless speculation that we see with many stocks (of which I can probably be accused of promoting from time to time).

Longer term this stock will re-assert itself as a market leader, and is a fine, core holding for many investors.

Regards,

LoF
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