DELL CLIMAX SITE Message Board

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Technology Stocks : DELL CLIMAX SITE

DELL 162.01

+0.6%

Oct 31 9:30 AM EST

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To: Candle stick who wrote (109)	7/30/1997 4:22:00 PM
From: Keith Zhang	of 158

I have trimmed down puts on Monday to be ready for this rebound which is expected since the earning report is coming. The technicals and psychology still is strong for Dell. I also hedged by buying Compaq which percentage wise rose and will rise much higher than Dell if this market continues. IMHO, the climax may be yet to come because there are a lot of momentum players like to see Dell to reach 100, which is a good round number to them, despite the valuations. Last high of 87 is a very strong resistance since speculators will think a bit before buying more. I am quite sure all the professional investors will not buy at this level since they already bought and started scaling down quietly. good luck, Keith

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