SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc.
DELL 127.26+3.8%3:15 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Aloha who wrote (45406)5/29/1998 10:32:00 PM
From: Intel Trader  Read Replies (3) of 176387
 
Re: "This is a bear tech market, we can talk until we're blue in the face." Yeah ok, I can agree with that somewhat.

"People are looking for an August rally. We've got 60 days of crap to get through."

You can't possibly believe a so simplisticly that things will last "60 days" or until the summer is over or some pre-determined period (August). That is exactly what the major brokerage houses would have you believe. In fact, things could improve dramatically next week, or we could see a major tank. No body knows at this point.

"Take all the negatives and compare them to the positives (if you can find them) and you'll find the sellers and buyers."

There are so many positive things that only a few weeks ago DELL was being traded at the $100 per share range. The stock has been knocked for about 20% of its value over only a short while. How can it lose so much market cap so fast? Well, markets overbuy and then oversell.

The facts are that money began flowing out of technology after the recent earnings period. We haven't (most likely) reached a climactic point yet, although many probably believe we have. There is a bit of pain left to go -- how long and how deep is anybody's guess right now. Whatever the case, one can only make their own best judgement and must live with it.

As of today, I for one am long DELL at 84, and expect the possibility of a 5-10 point rise over the next 2 weeks. We were overbought, and are now approaching oversold areas.

Respectfully,

it
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News