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Technology Stocks : Dell Technologies Inc.

DELL 114.44

-3.4%

3:59 PM EST

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To: Rosemary who wrote (8103)	6/4/1997 10:36:00 AM
From: dennis michael patterson	of 176388

Rosemary: I have live quotes with Lombard. I watched this am's action for the first 15 minutes. The MMs took the stock down into the 106s before it shot back up to 110 1/2. It has now settled at 109 1/2. A close above 110 would be very bullish. I'm holding my June 110 calls, in anticipation of an upside move next week. The data on Friday will be bullish for bonds and, thus, stocks. I spoke with my friends at Dell again in Frankfurt this am about the alleged "slowdown." They told me that they can't sell enough machines. There is no stock. Nothing! I respect the opinion that points to money leaving Dell in anticipation of a summer slowing in the tech sector. Well, I'm not buying it. There is so much money on the sidelines, that if the Nasdaq closes above 1400 this week, it will add another 50-75 points by options expiration. Intc has now been given the blessing of Kurlak. The shorts on that one will be hurt! IMHO

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