GV, RTE out of Virginia just gave a buy signal to Daq and Dow in general. their system rates "buy" when 'maximum pessimism' crosses against money flow.
in other words, it is their belief that the amount of money on the sidelines (for investing) far supercedes the current money already put to work.
viewing Dell as a bell weather in and of itself, then, a shift from negative to positive analyst outlook, must occur before mutuals buy back in (due principally to maximum pessimism, or hangover, generated from Dell's compatriots - IBM, HPQ, and especially CPQ). look at Dell's institutional activity the past three months. the pessimism seems to remain. it appears the mutuals have yet to believe the analysts. once they do, however, money flow will increase; this is partially witnessed by decreasing volume, increasing price.
This time, the mutuals DID NOT buy back (looking at activity) in relative to the concurrent shift in analysts' outlook. It's still a 'show me'. So, if Dell shows, even at $.23, it should be quite positive. Do you agree? |
