I am just adding the fear comments today because that is why DELL was down today.
Another of the Fab 4, now bringing the total to 3 of the 4, Announced problems in PC land.
It should scare investors more than it has, but a lot of that has to do with this no fear maniacal market.
I was short HWP.
Put the stock out @ 74 1/2 on May 1. Watched the stock go straight up for 3 days, Then this.
Why did I short?
Stock was at long term resistance. I did not think the stock could make a sustained advance from the $75 level. Add into that, the PC situation.
Basically I did not buy into the hype over their EPS report.
Turns out that I was right again on a tech company.
Oops, I better justify this one.
WDC, CPQ, INTC, MU those are some others I was correct on in forecasting an EPS blow up.
DELL is the only one that is yet to speak.
If you remember, In January, I stated that DELL would report good numbers in Feb, But the May report will not meet expectation.
Since then, DELL's numbers for may have been cut at some houses.
I have been completely wrong about the stock price.
I know you would like to see more substantial information from many others, and me.
You follow DELL very closely, as do millions of other investors. If you wait until you have substantial information to change your position, you will find yourself in the same position many investors were in with INTC, CPQ and now HWP. Even though HWP is only given up the last 3 weeks gains, I think it should head back to the low 60's. That does not mean it will. In all likelihood, It will go straight back up from here. After all, it will be 3 more months before they can disappoint again.
You will not get an early warning on DELL.
There are to many stock jocks in NY looking for it. By the time it is found, every one will have found it.
Jim
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