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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Moneysmith who wrote (72652)	10/16/1998 3:52:00 PM
From: D.J.Smyth	Read Replies (1) of 176387

ken <<If you stand back and take an objective view there are just too many Dell bulls out there. >> how about these: 'there are just too many people with money to make more money'. or 'there are just too many people who live in homes for more homes to be built'. or 'there are just too many men wearing shorts in order for the shorts market to grow.' and so on. i understand your point, but too many bulls does not necessarily mean that demand for an item is any less. the mystery of the street is that many times the price of a stock bears little function to it's immediate demand. the price of a stock is simply what someone is willing to buy/sell it at at any given time. they move the price up, they buy/sell it up, they move the price down, they buy/sell it down. so as long as a human (specialist or mm) continues to function as the ultimate origination of a stock price, 'too many bulls' does not necessarily mean 'everyone that has bought has already bought'. i think money is too transient for such a catch-all statement

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