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Technology Stocks : Dell Technologies Inc.
DELL 117.31+2.3%Jan 28 3:59 PM EST
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To: Sig who wrote (77531)11/10/1998 11:35:00 AM
From: PAL  Read Replies (1) of 176388
 
Sig-san:

The high level of short on 11/01/98 was the result of Dell appreciating around 50% from the market downturn in early October (in the 40's) to the last week of October (around 60). The market probably anticipate that fast runup will be followed by a pullback. They are ignoring that Dell is superb stock. The longs are happy since those shorts have to be covered and cause a short squeeze.

One rule of thumb: if there is no shares to short, it is a bearish sign.

Regards,

PAL
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