Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (11117)	7/6/1998 12:49:00 AM
From: Jack T. Pearson	Read Replies (2) of 42787

Chris, Dell has formed a cup-and-handle pattern--that usually precedes a breakout to the up-side. Given past Dell behavior and given the stockholders' meeting later this month and earnings a month later, I suspect it will start up in a week or two. Upturn should last until earnings are reported. CFO has said he is comfortable with analysts predictions of earnings. I suspect we will get a 20-30 pt pop. It will be important to find the peak because it can easily retrace half the advance. The trend has been that the analysts' estimates have been getting closer to actuals each quarter. If Dell should significantly beat analysts earnings, there could be another 20 points in it for investors during the two weeks following earnings. But, I think they will come in at estimates for this quarter. But next quarter they could have a big surprise as their server/workstation business kicks in more sales and earnings. See if we can spot the breakout and top. Jack

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