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Technology Stocks : Dell Technologies Inc.

DELL 135.62

+2.7%

2:24 PM EST

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To: Box-By-The-Riviera™ who wrote (20251)	11/1/1997 2:10:00 PM
From: Paul van Wijk	Read Replies (1) of 176387

Joel, >> Asian stocks had been inflated by a generous amount of market >> speculation, particularly in Hong Kong, where stocks had soared >> nearly 500 percent in the past 7 years. The Hong Kong market has >> now fallen an eye-popping 40 percent in two months. The fact that an index rose 500% in 7 years is not the reason for the 40% drop. It is the fact that it was no longer supported by economic reality. As far as I know we don't have that problem over here (overthere for myself, but that's any story). >> But while the market has started to stabilize, small investors >> have been stepping up to the plate, convinced that they are >> witnessing just another of those setbacks that have proved to be >> buying opportunities in the past. Tuesdays move cannot be explained this way. Most of the small investors didn't have the chance to buy, especially in the first hour. I think that we should say that at least we have a very, very strong resistance at that level. >> But he felt that the upside of the Asian "mess" was that it >> will keep the Federal Reserve from raising interest rates, >> and it may even encourage the policy makers to lower interest >> rates. So the bottomline is that we have a slowth in growth, and lower interest-rates in the near future. And we also have a market that have tanked 10 to 15% percent, with very strong resistance around 7000. Isn't that exactly what we all wanted one month ago. Paul

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