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Technology Stocks : DELL Bear Thread

DELL 133.78

-0.1%

Nov 14 9:30 AM EST

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To: JRI who wrote (1615)	8/22/1998 11:55:00 AM
From: Lucretius	Read Replies (2) of 2578

I'm shakin in my boots. Bear trap...LOL!!! More like... "idiot trap" if you're still holding onto this POS. DELL has topped out. The action in the stock over the last 3 days confirmed it. Heavy vol on the down days and a classic double top. This stock has been on borrowed time for a couple years now as vol has not increased as the price rose. This tells you that many own this stock at VERY low prices. These holders won't hesitate to dump it... that's why you get a blow-off type top. If you're smart, you'll take your profits. The ride to 40 (presplit of course!) will be painful for many die-hard L-T holders. -Lucretius

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