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Technology Stocks : Dell Technologies Inc.

DELL 127.92

+0.4%

3:59 PM EST

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To: grogger who started this subject	8/12/2004 3:30:00 PM
From: Mick Mørmøny	Read Replies (2) of 176387

DELL is scheduled to enter the earnings confessional tonight with its second-quarter results. Analysts expect the company to have collected 31 cents per share, a seven-cent improvement over year-ago numbers. Over the past five quarters, DELL has matched analysts' expectations on four occasions and topped the consensus view once. Current implied volatility readings suggest that DELL is positioned to move about 2.2 percent in tomorrow's action (following the earnings release). Options players have certainly stacked the deck against DELL in advance of its announcement this evening. Yesterday, a massive influx of bearish put positions at the August 32.5 strike propped up the equity's SOIR from 0.75 to 0.81, a new annual peak. This sentiment indicator had already been on the rise since late April, indicating an increased presence of bearish speculators. In today's trading, the August 30 and 32.50 puts are seeing notable attention from the options crowd. Wall Street looks a tad more favorably on DELL shares. Of 23 analysts following the stock, 19 have named it a "buy," while four list it as a "hold." schaeffersresearch.com DELL has enjoyed a long-term uptrend for nearly 18 months. Throughout its rally, the stock has benefited from support in the form of its ascending 20-month moving average, below which DELL has not closed since January 2003. The stock is currently testing this trendline support and could be buoyed higher in the near term. The combination of a skeptical options crowd and long-term technical support could bode well for the security in tomorrow's session. schaeffersresearch.com

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