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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (48442)7/25/1998 8:24:00 PM
From: Lee  Read Replies (1) of 58727
 
Lisa,..Re:<<Dell short term>>

Apart from the Rah Rah going on, there is a recently published IDC report for European sales which shows Dell in #2 position and growth of 81%. (Will post the link if you want it.) Also, nearly EVERYBODY thinks we're going to get an announcement of a 2/1 split with earnings on the 18th. But the chart doesn't look good despite all this fundamental stuff. MACD has turned down, next strong support on the daily chart is around 91.5 and it looks like money flow is decreasing.

personal.atl.bellsouth.net

But apart from these few minor obstacles, it also looks like it's moving with the rest of the market unfortunately. So fundamentally speaking, the story hasn't changed and in fact has gotten better, but the market only pays attention to GTW & HWP earnings misses.

I'm not worried but also holding long term. You asked an awfully tough question and I don't know how I'd play it for the earnings run. Probably take my cue from the NAZ and OEX. Looks like if we would start getting some good earnings for the rest of them (like CSCO on the 4th), maybe the market would regain it's exuberance.

Hope this helps,

Lee

Edit - Forgot to say that TA is Taboo on the Dell thread so no one talks about the technicals. I'm doing closet TA! <VBG> LOLOLOL
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