OK, I give. (G)
On another note, DELL put in a nice double top today to confirm it and other big cap NASCRAP highflyers being the last mkt leaders to top out (compare the chart to other former mkt leaders that have topped out: G, CCI, MER, etc.) Notice any similarities between them and CSCO, MSFT, DELL, and the NDX. I guarantee you other investors are, and they own DELL at around $10, they won't hesitate to dump it into a 10 point decline. I've never seen a better example of a euphoric top than the way everyone was reacting to DELL's earnings. DELL's support is around 40. It will be an exciting trip, don't ya think? But who knows maybe it's mkt cap will double again in a month?
BTW- anyone notice that DELL is advertising ALOT more in the last few months than they used to??? This is typically done when mgt gets worried about sales growth continuing. Looks like things might not be as rosy in DELL town as greedy investors think. Too bad for National Semi and Lattice, guess the "PC rebound" hasn't been as good to them? I'll admit, things do look wonderful up here at the euphoric top.
-Lucretius |
