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Technology Stocks : Dell Technologies Inc.
DELL 127.90-4.4%3:59 PM EST
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To: Rosemary who wrote (22445)11/21/1997 10:43:00 PM
From: McNabb Brothers  Read Replies (2) of 176387
 
Rosemary,

Never posted to you before, hope you are doing well! You mentioned that your chart today was showing DELL's moneyflow was going positive today, and it was a confirmation that buying was going on! Could you please explain what you meant by that?

Not being mean, but I would hate to see what DELL would have done if your chart showed a negative moneyflow today with it being down $2 3/8!

Also, you made this statement:

<This is good news. I can't get over all the press dell is getting over their computers. It reads like they ran away with the show.>

Usually when the news is as good as it can get and a stock has turned down I take that as people selling into the good news, and the smart money is leaving the stock and selling into weaker investers hands! Which tends to push the stock lower, then when the smart money has sold what they are going to sell there will be a bounce, the weak holders haven been nervious as it went lower will sell when they recover their investment on the bounce, which in turn will make the stock go down even further! Then there will be a point in which the smart money starts buying again and the stock will return into an uptrend! I see DELL trending down as most other high techs are doing and I still believe in my price targets that I have set!

Hank
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