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Strategies & Market Trends : 50% Gains Investing

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To: jgideon who wrote (605)	3/8/1998 2:53:00 PM
From: Dale Baker	Read Replies (2) of 118717

How's this for a daytrading idea? Buy DELL at the open Monday when it opens way down from Friday's close, then scalp a few points when the dip buyers rush in. Nobody will believe that DELL faces pricing pressure until they announce earnings problems themselves. So far, it's "not me!" Seems to be begging for a quick in and out. I couldn't recommend a long term move into DELL with the current PC market. But I did this with ALK a few weeks ago on the Iraq diplomatic news and made two points overnight. Also, I bought INEL based on the possible Xerox buyout. Now Xerox says they will pay $7.60 per share. INEL closed at 7 1/8. E*Trade tells me I don't have to sell, just wait for the cash to be deposited in my account when the deal closes. Damn near a sure half-point for anyone who wants it. Only risk factor is the deal falling through, which is minimal.

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