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Technology Stocks : DELL Bear Thread
DELL 146.68-1.6%3:59 PM EST

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To: JRI who wrote (1913)9/11/1998 1:21:00 AM
From: Lucretius  Read Replies (3) of 2578
 
see what they do at the open in the morning. I can't tell you how many times when I was short stocks earlier this year where they would vomit up an ugly earnings report and sell off in after hours only to confound common sense and close up the next day. when sentiment shifts, it shifts hard. We are in a bear. INTC lost $3 of that after hour $4 gain. And I bet it goes alot lower tomorrow. Its "great" earnings are down from last yr and everyone knew that this qtr was going to be better than last sequentially cause mgt practically posted a sign when their options started getting spanked as the stock dropped to 65 (a better qtr is not unexpected since retailers are buying for Christmas right now... hence the seaonal strength of chip and PC co sales during this period). Stuffing the channel only gets you so far though. Look for a wipe out tomorrow.

As for timing purchases of gold and and DELL and switching from one to the other at the perfect time? If I could perfectly time everything I would be God. i am not. I buy things w/ L-T appreciation possibilites when they are cheap knowing that someday they will be expensive, and knowing more than likely that I will not pick the bottom. I hate buying things like DELL that are expensive, in hopes that it gets even more expensive.

good luck!

-Lucretius
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