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Technology Stocks : DELL Bear Thread

DELL 140.24

-1.7%

1:46 PM EST

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To: Marq Spencer who wrote (2268)	11/6/1998 12:25:00 PM
From: RealMuLan	Read Replies (1) of 2578

FWIW, you are not the only one who think DELL will pull back somewhat. This morning, on CNBC, a fund manager said he expected DELL will pull back to $60 or so in near term. Personally, I think Dell will go back to $69 next week but maybe only after earning announcement. However, it will not surpass its old highes, just like CSCO did not. And then it will pull back. But how far it pulls back will depends on the broad market condition. After all the street is looking forward. And for the next fiscal, DELL's growth rate will start to be slower. So its high PE will scare off a lot of investors, including institutions. JMO.

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