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Technology Stocks : DELL Bear Thread
DELL 129.25+0.7%Dec 26 3:59 PM EST

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To: Ally who wrote (130)3/13/1998 11:31:00 PM
From: China Trader  Read Replies (2) of 2578
 
To show support to this thread... I am coming in.

I stayed away from the Dell thread to stay out of cross fires. But it looks like this thread is more receptive to differing opinions. But I wish this thread is not named Bear Thread with the connotation that only bears are welcomed, which in fact is not the case.

I noticed that Dell's price has refused to go down beyond the range of 127-143 before split, 63-71 after, and I wonder whether that is an indication of strong buying support at the 63 level, and what significance does 63 have for Dell.

Although I am not much of a chartist, but intuition tells me Dell is on a downward trend short-term. And if the 63 support level cannot hold, are we heading to 50, 40, which were the levels that Dell was at in the last 6 months.

hui

Short Term Bear from HK
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