Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (22123)	7/23/1998 10:41:00 AM
From: jef saunders	Read Replies (2) of 94695

hi Bill. i'm following the stock attack thread now, too. chris had a 9 day moving average at 106...dell hit that area and bounced right off. that's reason number 1. reason number 2 is that it has yet to announce. the concensus is that it should run up > 120 before earnings. reason number 3 is fundamentals. web sales are now $6M / day, including $1M in eurpoe. that's up from $5M / day earlier this year, and $1M / day a year ago. this gives me confidence...there's trendline support at 92, and previous resistance was 98. if we go back down to these numbers, i'm buying november calls, so i should be ok. i'm used to holding dell options now, not trying to trade them quickly. reason number 4 is re-entry. i sold 4 calls at 116. what's the point of selling them if i don't re-enter and dell runs back up to 117? reason number 5 is that so far HWP warned and CPQ reported and their numbers sucked. i think part of the fear is that dell will have the same weakness. on the other hand, GTW reports today, and i think the numbers will be ok. that should boost up dell. actually, i guess now i should say...bwdik. but i detest that expression when you guys sign that. jef

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