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Technology Stocks : Dell Technologies Inc.

DELL 138.80

-2.7%

Nov 11 3:59 PM EST

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To: Jock Hutchinson who wrote (82572)	11/28/1998 8:24:00 PM
From: KM	Read Replies (2) of 176387

<<The Naz was up big time, and Dell was left gasping for air. It's now a great short.>> Funny how perspectives can be different. I've been out of Dell since it was 73 with the exception of a tiny call bet the day before earnings, but I've been impressed at the way it's held above the 50 dma. Also, you might be interested in the following commentary from Street.com (Wednesday before Thanksgiving). I'm thinking about getting back into Dell myself. Respite from the Frenzy As for the broader market, Belski described the past two days as a "respite from the buying frenzy" evident Monday, rather than a sign of a top. "We had a similar consolidation at the beginning of the month and people thought we were topping out, then wham!" He said, "We had a nice respite yesterday and today was a throwaway day. Things will begin to cook again [next week] and then you'll be being hearing about a Santa Claus rally." The researcher is most impressed by the fact "pullbacks we've seen in big-cap leaders have been on light volume," he said, citing Intel (INTC:Nasdaq) and Dell (DELL:Nasdaq) as examples. "We're not seeing signs of distribution or profit-taking. It's more a lack of buying."

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