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Technology Stocks : Dell's Daytraders Decision Site
DELL 157.48-1.7%12:14 PM EST
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To: Warren Van who wrote (1026)11/24/1997 7:54:00 AM
From: Larry  Read Replies (1) of 1124
 
Warren,

For the 10 week period preceeding the INTC earnings release, the stock could never really break the 100 point barrier. On Monday 10/13, it started trending down from 95. On 10/14 the date of the announcement, INTC traded as low as 90 and closed somewhere above 92. After expectations were not met, the stock dropped over the course of the next ten trading days to as low as 69 intraday, a 31 point fall from it's attempts to break 100.

<<What do you foresee for DELL>>
It seems as if the tape is telling us the same story for DELL as it told for INTC.

Just My Two Cents Worth

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