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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: Bill Harmond who wrote (16001)9/3/1998 4:57:00 PM
From: Olu Emuleomo  Read Replies (1) of 164684
 
I'm short Dell as a correction play. I have the highest regard for the company, but the weekly
chart looks extended. Dell is the ultimate market darling, and I think tommorow's split has been
keeping technical expectations up.


I agree 100%. I shorted DELL at 114 and covered at 105 3/4. I believe DELL is attempting to form a bearish Head & Shoulders formation.
I believe DELL will once again trade up to above 110, at which point I hope to repeat my short. If I am correct, DELL will end up below 90; mabe $83 or so!

--Olu E.
(I dont dare post this one the DELL thread! I'll probably get death threats.... :-)) )
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