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Technology Stocks : Dell Technologies Inc.

DELL 117.44

-1.6%

Nov 20 3:59 PM EST

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To: Patrick E.McDaniel who wrote (221)	9/21/1996 2:05:00 PM
From: jim kelley	of 176387

My window for investment is longer than a month and less than a half a year for any particular position usually. I will still be profitable at 70 in my current position and I agree a correction is possible but I see a lot of indications that this is not going to happen in the next few weeks. Also, It is getting too close to the quarterly report. I think the stock price is up in anticipation of a better than predicted quarter. A disapointment would hurt the stock! DELL has been very careful with its market guidance. They would preannounce bad news. If there is a short term pullback, it is more likely to be to 78-82 than 70. There are between 3 and 4 million shorts against DELL currently There are also a large number of old put positions that are at a loss that need to be closed way out of the money. This may increase resisistence to a correction. If the stock continues to move up a short squeeze could develop that will cause it to overshoot a fair value price. I know I would want to close these worsening positions. Just one man's opinion. Thanksgiving does look very good!

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