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Technology Stocks : Dell Technologies Inc.
DELL 138.940.0%Dec 5 9:30 AM EST

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To: brian z who wrote (76095)11/1/1998 8:41:00 PM
From: Lionheart  Read Replies (1) of 176387
 
RE: pre-earnings run...I agree we will probably see $70 by earnings report. However, since earnings will be released on Nov. 12 after the bell, that leaves 9 trading days. That would be an average of .50/day appreciation. I doubt the stock would go up 20 more points from where it is now, that would mean it would be at 85 1/2 on Nov.12, that would give it a PE in the 90s and even if that would happen it would be setting up the stock for a "sell on the news" scenario. If it hits 69 1/2 this week I think there will be a pullback, but a lot of course depends on the general market and world events. However, if Dell beats estimates by .03 to .05 /share, I can see 80+ after earnings report. That is provided it is in the low seventies on Nov. 12. I'm glad to see Dell at its present price but I hope it's not getting ahead of itself with two weeks of trading still left before Nov. 13.
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