Digital Equipment Corp. (DEC) Message Board

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Technology Stocks : Digital Equipment Corp. (DEC)

DEC 14.60

+2.0%

Nov 21 3:59 PM EST

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To: William L. Vu who wrote (2754)	1/21/1998 9:53:00 AM
From: Charles Skeen	Read Replies (1) of 3276

Re: << technical analysis>> FWIW, yesterday the Decision Point system (on AOL) switched from SELL to BUY -- the SELL position yielded a 17% return at its peak but only 1.5% when closed out. Decision Point has been good at identifying long-term price trends, but is often whip-sawed in the short term. Also yesterday, DEC crossed the 200-day MA on the upside. My opinion: If it holds today and for a couple more days, DEC is capable of moving to the 49-50 range in the next 2-3 months. I think that the recent guidance on earnings for the coming 2 quarters was helpful to the stock price, even though current quarter earnings estimates will have to be revised downward, as there is now greatly improved earnings visibility. Fundamentally, the company seems to be making the right moves and revenue growth should improve from recent quarters. To all: Is there anything else going on that would account for the recent upmove? Charlie.

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