Lee:
Dell is right on schedule, becoming the more predictable
of stocks, a big run up to earnings, followed by a small tankage afterwards. An excellent earnings report, coming in just over the estimate.
The big surprise is their ability to maintain high growth,
increase the sales over the net, and increase the rate of return,
which means another banner year coming up. 100% easy.
Bulls and bears have equal chance to make money, but bears need impeccable timing to catch the highs or lows and have to settle for
perhaps a 5 to 8 point range. Pigs either way get slaughtered
This does not much help as to what Dell will do tomorrow,
but bears should be aware there will still be a vote on the
increase in shares to 3 bil, and I would not like to be holding long term puts with a stock split always a potential.
I'm sitting here long on Dell(since 1993), and if I want to gamble will do it on the upside with Dell calls or with another stock.
Regards and good luck
( nothing personal, I just borrowed your name to post this)
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