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Technology Stocks : Dell Technologies Inc.
DELL 138.22-1.6%Dec 9 3:59 PM EST

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To: Ian Davidson who wrote (69072)10/4/1998 5:59:00 PM
From: Eddie Kim  Read Replies (2) of 176387
 
>>He says earnings estimates for 1999 are still at 18% and says this is NOT going to happen....they have to come down.

Real earnings growth has been declining for about two years now, yet no one on Wall Street seems to care. They might if the dam breaks. Also, all these mergers in the banking industry are pure defensive plays. This should tell you something...

The market will retest 7400 and it will most likely break. The psychology support at 7000 might hold; however, I have been reading a lot of TA analysis and they say 7000 will break. This week might be the last opportunity to jump ship before it sinks.
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