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Technology Stocks : Gateway (GTW)
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To: wolfdog2 who wrote (4844)11/21/1997 3:15:00 PM
From: Brian Lempel  Read Replies (3) of 8002
 
Wolf, all indications are for DELL to have a great quarter. They had said that they were doing fine a couple months ago. Also, they stand to benefit from the rapidly deteriorating HDD market. Disk drives price have come down very sharply, and they have probably saved as much as $50-100 on every computer they sell. That is huge!

So the way I see it, today's action is great for you shorts. If we are up near resistance at $32 when DELL reports, chances are it will be broken, and GTW will use that as a base. Now, we are far enough below it for DELL to blow out their numbers and still not penetrate it.

Brian
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