DELL COMPUTER--INCREDIBLY OVERVALUED STOCK Message Board

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Strategies & Market Trends : DELL COMPUTER--INCREDIBLY OVERVALUED STOCK

DELL 126.92

-0.8%

10:38 AM EST

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To: Candle stick who wrote (13)	8/9/1997 4:27:00 AM
From: Timothy R. West	of 96

Technically speaking.... Dell is in a downtrend now that it broke under July 30's low at 81.25. I will short DELL with an 85.25 stop. 79.63 last. The last time DELL was in a downtrend was in June when it broke under the June 20 low at 59.1. DELL then went into an uptrend on June 27 at 60.25. The uptrend is now over effective August 5 at 81. 20+ point profit on the last trend trade. Fundamentally speaking... I agree that DELL is an overvalued, overloved stock. The Cabot Newsletter jumped on board this stock in May under $50 and have a tidy 60% profit in a short 2+ months. DELL is in a commodity biz and these PE's are crazy unless growth continues forever at high rates..... I doubt it, therefore I am negative on DELL... Trade the trend! Tim West technicaltim.com

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