Dell's Daytraders Decision Site Message Board

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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: DragonBoy who wrote (660)	8/11/1997 6:00:00 PM
From: Larry	of 1124

DragonBoy It looks like the bears had their way with the whole sector today. INTC, MSFT, CPQ, GTW, IBM, DELL, SEG. all are down. Here's an interesting observation for you. From the opening bell until just after noon, the whole market was way down. The Dow was hovering right around 7970 until about 1:40 then and then jumped up 90+ points to close at 8062+. All the stocks I watched, with the exception of DELL and GTW, went back up with the Dow to close at smaller losses. I think both DELL and GTW are being hurt by this Teamsters / UPS squabble. As they both are direct marketers, any transportation worries are going to hurt their performance. The DELL support at 79 broke down at 12:30. Intermediate support at 77 only held up for about 30 minutes. Mikey's may need to get some of his bulls to drive the UPS delivery trucks Otherwise we may be looking at a downtrend until next Tuesday. What do you think? Larry

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