Dell Technologies Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc.

DELL 125.97

-1.0%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockman_scott who wrote (76930)	11/6/1998 7:38:00 PM
From: Dennis J Baltz	Read Replies (4) of 176387

Hi Kemble Here is something I was reading about Dell on a options newsletter I get. They have been very very bullish on Dell until recently. They claim put open interest on Dell is climbing dramatically. This is not a good sign. Call open interest at Nov-65&70&75 is over 90,000 contracts and that provides strong resistance to further upward movement. Several technicians have pointed out that a negative formation called a head and shoulders is appearing. With the recent rally, a little profit taking would be in order soon. If this happens, Dell could be in for a substantial drop if their weakness does not change soon. The whole computer sector looks weak and Dell can't fight alone. Any thoughts? Dennis

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next