Dell Technologies Inc. Message Board

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Technology Stocks : Dell Technologies Inc.

DELL 124.80

+1.9%

1:12 PM EST

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To: The Phoenix who wrote (63704)	9/4/1998 12:09:00 PM
From: William C. Spaulding	Read Replies (2) of 176387

Market forecast for the next 2 weeks. CPQ trading off 10% from "the correction" as is Cisco. DELL still off over 15% and still trading at 64 times trailing earnings. Continues to look pricey at these levels and it's my belief folks are begining to notice. Not only do I believe that 150 will be difficult I also think this stock needs another 20% haricut. If DELL misses earning by even a penny this pup is gonna crash. In fact, I think this pup slides even if they hit estimates...they have to continue to beat. A huge challenge! Historically, September is the worst month for stocks. There is usually weakness before Labor Day and after Labor Day for a couple of days, which I have already said a while back. Of course, the split may help propel Dell sooner and higher. Most of the rise in tech stocks will occur in options expiration week, and probably for 3 days after expiration. Dell might reach 130 briefly, but more likely, in this weakened market, it may well reach only 120, plus or minus a few points. (Of course, I'm talking pre-split prices here, but you all already know that!) After that....

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