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Technology Stocks : DELL Bear Thread

DELL 122.55

+4.4%

Nov 21 9:30 AM EST

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To: jjs_ynot who wrote (807)	5/22/1998 11:01:00 PM
From: Bud Fox	Read Replies (2) of 2578

With that thought in mind, do you think today was a SHORT TERM reversal? The breakout began about at about $70 and topped out about $98(a $28 gain). Today's drop brought it back to ~84, a 50% decline. Basic TA would suggest a bounce to about $91, before its re-test of $84. I personally don't think $91 is realistic, more likely ~$88(solid resistance point) with the current market conditions. I covered my short position this afternoon and went long, looking for a quick $3 -$5 pop, before shorting again. Good Luck!

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