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Strategies & Market Trends : Roger's 1998 Short Picks
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To: space cadet who wrote (16317)12/21/1998 8:25:00 PM
From: larry  Read Replies (1) of 18691
 
Mark,

I am not sure that DELL will break 100 by Feb. But if the buying frenzy in the market goes on for another month, I think it's doable. The bottomline is DELL is overvalued, but other big cap high tech issues are more overvalued, let alone the internet stocks. So if DELL plays the catchup game......anyway, I do see 80 by the end of this week and probably 90 by the end of Jan.

DELL usually splits its stock whenever it runs above 100 and holds that level for a while. It's a safer bet that they split the issue in May. I see no chance that they split in Feb. ALso, I believe that DELL will beat the number by 1 cent instead of 2 cents. Even if they beat by 1 cent, they are showing a fantastic 14% Q over Q earning growth. But if they do report 0.33 or +, look for the issue to quickly run toward 110 by the end of Feb.

Still think that the internet stocks are the easiest way to make $$$. I tried to get into YHOO! this morning but the option premium is crazy. I think that I have made a huge mistake by closing my ONSL and CMGI call position this morning. It should run more tomorrow.

I do agree with you that we can forget about a serious correction before Feb. Also, the next time AOL and YHOO! corrects 30-50%, I will jump all over them.

good luck,
larry!
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