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Technology Stocks : Dell Technologies Inc.

DELL 123.48

-3.5%

3:33 PM EST

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To: kemble s. matter who wrote (87487)	12/31/1998 1:59:00 PM
From: Bandit19	Read Replies (1) of 176387

Kemble, Hi! Re: Michael's silence, to me it's like that old saying "still water runs deep". DELL will blow them away come earnings time and Michael and team will get the last laugh! I know you appreciate T&A so I'll include these thoughts: per IBD today, from investors corner in a piece about chart breakouts. " Dell computer, a leader with a 99 EPS rating from IBD, attempted a breakout Nov. 10 when it rose to 72 1/2, overcoming resistance at 69. The breakout came on expanding volume. The stock moved to as high as 73 1/2 the next day. There was a hitch though. Volume declined from the day before. The breakout was showing a lack of conviction. Dell then fell back with volume expanding the next two sessions. The stock dropped back into its base. The breakout failed. Dell has since attempted another breakout in late December, getting to 74 5/8. The jury is still out on whether the stock will head substantially higher. Volume once again showed the same light pattern on up days like in November. However, it may be the result of the holidays." In another opinion from Greg Morris of Murphy/Morris. "BULLISH BREAKOUT: We recently listed DELL computer as on of the big tech stocks that was nearing a possible upside breakout. That appears to be happening today. Dell has jumped over 2 points to exceed its November intra-day peak at 73 1/2. A close above that level would constitute a bullish breakout to a new high. An upside swing measurement projects a potential target to the 90 vicinity. The stock is also on the most actives list, which suggests there's good volume behind the upside move. Personally I agree with Donnie and think DELL will start its move in January when the fund managers start to commit for the year. As we near earnings buckle up!!! Happy New Year! Steve

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