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

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To: dennis michael patterson who wrote (17827)11/17/1998 11:33:00 PM
From: Electric  Read Replies (2) of 42787
 
dennis,

Futures are up nicely and you can add about 2 points for PREM verses cash close too.

As for DELL, you have to believe that there is strength in the stock. You and I both saw the reaction, the stock roared, like times of old. This was in the face of a real bad day for HWP which is in the same sector. Also notice that it didnt help HWP at all.

The selloff on DELL was overdone and a bit unwarranted. The reaction today was sweet, and what was even nicer was how the stock held when the market retraced in the closing moments. That to me was important. Fundies dont turn their backs on stocks that have given them returns and have forcasts to continue with the growth that has been in the past.

I would advise against shorting DELL to anyone. Until somthing larger happens to the company it is not going to go down for very long.

I am going to roll out my position on my Nov 52.5 into a Feb comperable call. I might wait for a few weeks until things settle out to do so.

It has been a while since we have chatted, how are things? I needed a break from the fray at TSO. Seems that there are alot of them going on now.

Know that if anyone that I respected on this thread was being attacked by another poster, I would step in. I will not stand for that.

Seen any good flicks?
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