Richard,
Turns out I responded to jjc, and answered almost all your points as well. I mentioned I agree that after hours trading is not necessarily an indicator of the direction the next day, and IS often used to intimidate weak hands. My point to him, as well as you, is on that particular day, it was apparrent(sp?) to me that it was profit taking time, and consolidation time. That it wasn't just shorts selling, but people who'd run with this stock 80 points in 3 months (pre-split adj), or post split after a consolidation from ~ 62.5 around Apr 6 to 98 6 weeks later. If you read my previous post(s) to jjc, you would see I'm both a fan, a defender like you at times, and a subscriber. That doesn't mean I won't question him on moves or motives or analysis given the opportunity. This is precisely what makes these sites special, and I'm grateful for it (SI), and in this case jjc, for being part of it. BTW here's my call shortly after Dell's report.
Message 4517313
Dave |
