Freeus...I'm going to be the lone wolf in the 4 responses now you got on buying DELL lower than today's closing price, even 55 area....Unlike the other 3 who suggested you will never see 55 I'm going to tell you you will see another buying opportunity....I do think, however, it will be only ONE more chance.
As I said earlier today, for those of the persuasion once Clinton tapes were aired we would be "up, up, and away", in Market, or DELL, they were wrong....Clinton is a blip on the screen of importance...
I'm talking FUNDAMENTALS here...I'm not a TA specialist, and really only think there's a story to be told in volume, and one or two chart formations...stochastics, MACD, OB/OS, etc. etc. are questionable in the short term scheme of things, and virtually worthless in the long term investing picture.....No, FUNDAMENTALS will give you one more shot at DELL......The G7 nations are putting their heads together and trying to figure out how to deal with Latin America..That's a good thing........However, Japan, the SINGLE MOST IMPORTANT FACTOR IN THE WORLD is the area of uncertainty, even on the eve of Japan's Prime Minister's visit to the U.S....
Today's Market reaction to Clinton is, currently as I write, meaningless right now in the trading Bourses in Europe...They are all down significantly....Japan is up a whole 8 points, WOW..shows a lot of confidence over there on the eve of what one would think would be a wonderful plan of action to detail to the President-----That's because there is none, that is agreed to that is, which is like none...That's why European trading is all down as we speak.
THESE PROBLEMS WILL GET WORKED OUT, however, but before you see evidence of it you will see a re-test of the Market downwards, and pick DELL up at 55.
Regards, George |
