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Technology Stocks : Dell Technologies Inc.
DELL 146.68-1.7%Nov 7 9:30 AM EST
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To: Moneysmith who wrote (70498)10/8/1998 1:44:00 PM
From: JH  Read Replies (2) of 176387
 


<The astounding volume tells me this is the mother of all selling climaxes>

Both DELL and CSCO peaked at around $70 and has tested the low 40's, which represent a correction of around 43%. Both are oversold.

When DELL was bouncing on the 200DMA of around $41-1/2, I went long with 200 contracts of the Oct42-1/2s at an average price of $3-1/2. Could double in value at $48/49.
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