DELL Thread For BULLS and BEARS! Message Board

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Technology Stocks : DELL Thread For BULLS and BEARS!

DELL 162.01

+0.6%

Oct 31 9:30 AM EST

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To: MonsieurGonzo who wrote (91)	11/10/1997 9:54:00 PM
From: McNabb Brothers	Read Replies (2) of 198

As far as looking at the candle stick chart of DELL it is very bearish IMO how DELL closed today! You had a Doji Friday, then you had DELL open higher today then closed lower which left a dark cloud reversal in a continuous down trend! The reason I see $60 to $64 on DELL is that will be down to the 60 day moving avg. on a weekly chart! I might cover a little higher than that, but if I do I will sell the heck out of it on any type of rebound to the $75 to $78 level! If DELL reaches my targets it will retest the $60 to $64 level, but to be honest with you I can see DELL dropping even farther below $60 to maybe the $50 to $55 level! Now that said, I need to tell you that I will look at DELL's earnings and how DELL stock performs after they release their earnings! It might be that when they announce the earnings is when DELL will get it's bounce back to the $75 level! Will be keeping a close eye on the situation each day, and I have always said that when I get out of DELL I will let everyone know, even if it is $100 a share that I get out on! Hank

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