DELL COMPUTER--INCREDIBLY OVERVALUED STOCK Message Board

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

DELL 127.92

+0.4%

Dec 30 3:59 PM EST

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To: Timothy R. West who wrote (17)	8/11/1997 4:43:00 PM
From: Candle stick	of 96

Serious technical damage was done to DELL today. The previous low(77) since the all time high at 86 3/4 was broken and the stock closed lower at 75 3/4 on heavy volume. This is a good sign for the shorts. The slide is only just beginning and I see much money to be made on the short side. Stay with it or get in it on the next uptick if you can...this stock will see the low 60's, probably before the earnings release. Tommorrow already, should take it close to 70...in my humble opinion. Best of luck to all....;^) P.S. If the earnings do not surprise by a wide margin then my target of the low 60's is not low enough...I would look for a full 50% retrace from the high of 86 3/4 = 44 dollars........;^)

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