DELL COMPUTER--INCREDIBLY OVERVALUED STOCK Message Board

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

DELL 142.68

-2.7%

Nov 10 3:59 PM EST

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To: Rosemary who wrote (24)	8/16/1997 12:02:00 PM
From: Candle stick	of 96

Day trades, my dear, just day trades back then. Lost a little on DELL and made a bit on INTC. Keep reading back then, and you can find where I cut out and why, and where I snagged back my INTC for a petty profit. This is a whole different situation. I document where and when I get short and usually how much (in my own units, I prefer not to disclose my personal financial situation over the internet). Suffice it to say I am short 3 times now what I was short before and my average is a hair below 85. On Monday I will buy back just enough to get my average up above 87 1/2(the alltime DELL high) and then leave a stop loss at 88. This will give me a FREE look at the DELL downside. If I am right I will see mid 50's in a couple months and rack up 6 digits in my bank account. If I am wrong , I live to trade another day with nary a scratch. What's your plan?......;^) P.S. I believe it was Thursday before the opening that I warned you that both the DOW and NASDAQ were looking "ugly" and that they would suffer a huge decline into the following week. You threw it in my face that on Thursday it did not collapse. Some jibberish about money flowing in or something. Well, FRIDAY, we fell 247 points on the DOW (second biggest one day point decline ever) and around 22 or so for Nasdaq. I stand firm by my prediction of a severe fall next week. It already began on Friday, exactly as I predicted, almost to the day. I think you are just teed off because you are still caught long. Best of luck,....;^)

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