Jim,
DELL has not disappointed the street for 13 straight quarters and there is no reason to believe it will this time. If the earnings are bad, why should they prepare another stock split? It doesn't make sense to me.
I have been bearish on INTC, CPQ, HWP, and even IBM since late last year. However, DELL is a totally different story. True, the other PC makers disappoint. But if DELL blows out earnings again, more and more money will be put into this issue and it will demand a highly premium PE.
That Roger guy has been playing short on DELL for eight straight quarters and he shorted the day before the release. However, I believe that he is screwed up in big way everytime. From my point of view, if DELL disappoints, it will take at least 5 sessions for this issue to hit bottom so you will have enough time and room to play the short game. Why do people need to be so greedy and gamble against a big No?
Anyway, I am happily long DELL currently. I believe that the numbers are good and it will hit 120-130 soon.
larry!
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