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Technology Stocks : Dell's Daytraders Decision Site
DELL 146.68-1.7%Nov 7 9:30 AM EST
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To: MRE who wrote (607)8/1/1997 2:05:00 PM
From: Candle stick   of 1124
 
That purchase for APCC was only 12 million dollars if I remember correctly, so I dont think it could have had that big an impact. They stopped the share buyback, yes , because of accounting rules related to 'pooling of interests' when aquiring a company. My recollection was that APCC had beaten the street estimates 3 quarters in a row and that was the first earnings report which did not surprise. As for my take on APCC.....I am no longer long or short. I think longer term the company will do well, but I find little to get me excited on either long or short side at this time. As for Dell, the valuation and momentum pileup, has me drooling. Its true I may get crushed under the stampedeing bulls, its happened to me before, but the opportunity is to good for me not to try the short side. I stick to pretty rigid rules and will not be destroyed if forced to bail on DELL. I had to bail once already. I will just move on to the next opportunity. Right now I think that to be long DELL offers much less opportunity than being short. That is simply a combination of technicals and valuation. Also the fact that it is a momentum stock, and I sense some uncomfortable institutional longs(everyone is rumbling about how overvalued DELL is), who want to sell but are all waiting for a catalyst. They are too chicken to be left behind. It is the herd mentality of the shortsighted fundmanager who only has his own bonus in his sights, that cant sell, until its obvious. I think it will be earnings report that gets downside moving. Thanks for your support on the DELL thread.....always happy to respond to your posts.....;^)
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