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Technology Stocks : Gateway (GTW)

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To: Karl Stearns who wrote ()9/29/1996 7:30:00 PM
From: Brian Lempel   of 8002
 
To all still monitering this thread:
Looking at the charts, I would say that this stock is due for a correction. This looking eerily familiar to the Jan '95 drop and the one last december (which was when I got in at 18). I would look for GATE to test the 43 level. This drop would seem inevitable due to 3rd quarter announcements and price cuts (BTW, does anybody know when they are coming). However, this could be averted if the market in general stages a sustained rally. The profit taking in DELL has been interesting over the last week, and has brought it down to a quite attractive P/E. GATE has a very bright future, and as it gains more and more awards, and the idiot consumer who usually goes into Best Buy or Circuit City and buys an Acer <laf>, it should gradually beat out DELL. The price on this issue is reasonable now, and a definite buy if it drops into the low 40's
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