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Technology Stocks : Dell Technologies Inc.
DELL 115.43-1.5%Jan 23 9:30 AM EST

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To: freeus who wrote (65763)9/16/1998 5:20:00 PM
From: Jorge  Read Replies (1) of 176388
 
Freeus....I was a bit surprised to see the Market close higher today after the Greenspan disappointment, not even hinting at a rate cut, in fact I think he stated no rate cut was necessary....I'm not sure the Market will see it that way over the next few weeks, as more and more companies pre-announce earnings warnings and cite foreign exposure as the reason....I've heard several times recently, and again just moments ago, that an upward move in the indexes is to be expected after the serious "correction" we've experienced in recent weeks..He stated, as have others, after a large drop it is not uncommon for the Market to re-trace some of it's losses, before one last test of the lows--This analyst didn't say "when" this retest of the lows would come, but that he felt there would be a re-test... I've heard others suggest as late as October, if not sooner.

I still think you will be able to buy in the mid-50's ONE MORE TIME...and I hope I'm right...I'll bet if you and I and a whole bunch of other people take advantage of that buying opportunity it will possibly be the last one in the 50's however.

Best to you, George
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