That is about the looniest thing I've ever heard. What statutes would you base your class action on? You need to grow up. Stocks don't always go up, no matter how much you like them. Analysts are entitled to their opinions and will be proved right or wrong when the actual numbers are released. It's always the conspiracy thing, isn't it, when things don't go your way. With Dell trading at a record price despite the concerns raised following their previous earnings release, if you wanted to remain long, a prudent strategy would have been to hedge your long position with some cheap puts or by selling out of the money calls, rather than looking for someone to blame and sue when things go against you.
FWIW, I'm a daytrader. I watch Dell trading every single day on level 2. On Thursday, when it appeared that the nasdaq was going to continue rallying, I took a long position in Dell. After about 30 minutes, it became very obvious to me that it was being sold heavily into the rally, even though it was up several points. I sold it at a 1/8 loss and then took a small short position at the end of the day. The trading action reminded me a lot of Intel's the day before it preannounced in May 1997 and dropped 25 points.
Good luck. If the thing snaps back on Monday, you might want to consider HEDGING. |
