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Technology Stocks : Dell Technologies Inc.

DELL 152.40

-1.5%

3:59 PM EST

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To: Jerry Olson who wrote (107321)	3/4/1999 11:59:00 PM
From: Sig	Read Replies (3) of 176387

Hi Jerry: <<< DELL had good support at 77 which was a double bottom sell signal..it<<< printed 84 today for a new buy signal..it must clear 89 for any meaningful move up..i feel 90 would the top for now...if it gets there!!!..in P&F speak..."when it crashed and burned" we call that a "low pole"...usually stocks that are going to reverse up retrace 50% of that move...90 would be that number.>>>> I concur with those figures. Looking at historic Dell price data for past 6 months and cutting the typical growth in half indicates Dell should be at 85 to 90 today. If it kept the old growth rate, would be 95 to ~100. So at $81 it appears under valued. Near term is tough, more like your job, but it should stay around 43 to 48 until the run up to May earnings at about $65. <<<On the downside after the split...74-75 would be real trouble imo..>>> We've been to 78 already, should be able to handle a few down spikes, although I don't expect them. <<<Long termers of course will hold...traders should exit around 89-90 if we get there..>>> Sounds like good plan. It could change things for the better if the analysts would stop kicking the techs around. But there are 34 rating Dell now and Dell attracts bears like a honey tree. If those 11 who rate Dell a 'hold' had only bought it 1996. Or 1997. Or 1998. Ohhhhhhhhhhhhhhhh. Sad Good luck Sig

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