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Technology Stocks : Dell Technologies Inc.

DELL 115.43

-1.5%

Jan 23 9:30 AM EST

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To: Chuzzlewit who wrote (23386)	11/26/1997 5:39:00 PM
From: jim kelley	Read Replies (1) of 176388

Paul, I think the worst is over for the tech stocks for a while. The SEA and Japan problems seem to have caught the market by surprise and I think the mutual fund managers may have rushed for the exit on the technology stocks. It certainly caught me by surprise. Volume was drying up today and DELL moved up another 2 and a half bucks. Volatility is dropping toward a more normal number reflecting a restoration of confidence. The short interest on DELL was reported at 20M through Nov 14 in todays WSJ. I think the short covering and reinvestment by the funds may drive DELL up faster than I expected yesterday. If there is no new bad news on the global front over the next two weeks, I would expect DELL to move into the 90's. Hope you and the rest of the thread (including the BAD BOYS) have a wonderful thanksgiving! Regards, Jim Kelley

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