Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (16795)	10/20/1998 5:31:00 PM
From: Judy	Read Replies (2) of 42787

dennis, today was just a regular selloff at market resistance. When you see a real blowoff, you will know for sure. The market's reaction to MSFT and IBM tomorrow will tell alot about the current dynamics in play. Today the price action in MSFT was not normal, the market already knew that MSFT would beat estimates. IBM beats analyst estimates, yet the CFO tells WallStreet not to raise future estimates. DELL is easily spooked, shows how much perfection is priced into the stock. However DELL responded to the Piper Jafry comment and said there was no business slowdown, we'll see tomorrow who the Street believes.

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