WILLIAM:
Regarding your post:
<Dell will continue to decline for the rest of the month and the beginning of next month, regardless of split announcement.>;
How can you believe this given the huge influx of large institutional buying yesterday? Certainly they didn't sell this morning...this is just a negative day because:
1) Summer Friday
2) Options expiration, which is a double whammy for Dell given the recent runup (ie. most didn't expect earnings report to be THAT positive)
3) Bombs, Scandals, 3rd quarter earnings hype...
4) Asia, Russia - not new news (down cuz we were down yesterday)
I am concerned about the overall market / world issues, but I cannot imagine a better stock in our market than Dell...and I think the $$$ is waiting for any sign of market strength to get right back to buying Dell.
After labor day, I agree it will probably go down for a while, but you know Dell will not be a $60 stock for long! JMHO And I'm sure others, like myself, appreciate your opinion.
Take care, GR
P.S. If it goes to 115, I'm doubling my position! |
