Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: larry who wrote (11546)	7/15/1998 2:25:00 PM
From: joe	Read Replies (1) of 18691

Larry, >>Heck, maybe my estimate of 130-135 is way too bearish on DELL<< Maybe so, I was thinking more like $120. But look how the market dealt with INTC. It's obvious that liquidity is too high for Money Managers to handle. They have no choice but to put money to work. But to be safe, they'll put it in big caps. Haven't checked out the details on CPQ. Also, after the Internet craze of last week, investor's are more comfortable with higher P/E's. I haven't decided yet if I want to sell DELL soon. It will depend on how much liquidity is still out there. Also, DELL cranks in earnings. I believe it will prove itself another quarter. This adds a lot to keeping the price up...same as in MSFT. >>...and believe that a pullback is imminent.<< I don't see a heavy pullback (more than 8 pts). Not that it couldn't happen in the next hour, but there are no big world worries in my immediate horizon. If I see one (I thought INTC would be one), then my trigger finger is on the DELL sell switch. What kind of pullback are you seeing and why? joe

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