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Strategies & Market Trends : Shorts waiting to happen

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To: dppl who wrote (661)9/10/1996 10:31:00 PM
From: Peter Shaw   of 852
 
Thomas,
I wouldn't try to be a hero on Dell. I just sold my long position on them, but I love the company's prospects. Valuations are certainly not out of line, but the runup has been a furious one!
ORCL was rock solid for so long, that the high volume selloff on no news tells me something has to give. We ran back up to 37, but all my analysis says a drop to 32 or so is coming.

Cheers

Peter Shaw
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