darrell...re; kemble's feeling for 45...
sometimes feeling all you need if intimate with the underlying....i posted over a week ago with dell under 40, my "feeling" was for a 42-44 move, pull back to 40ish, move 48-52 by late april....new alltime high by june...barring any bad overall market news and good dell fundamentals..
technical...not as astute as some, but i have queried for a month with no response of dell forming horrendous patterns, violating 50/200dma for as much as a month, prior to strong leg up...this odd formation shows 3 times in 180 days...dell "broke out" with recent 41 close...stochastic momentum indicator about 60...just about matching money flow and rsi points...44 seems to be 200dma resistance, this is critical point...believe test, fall back,penetrate move to next resistance about 48...and clear sailing with close above 48 as momos try to board the moving train...with no "bad news"...i'm a firm believer we may see 70 by year end...and i have set my positions over the past month on these conclusions...oh well, you gotta believe in someone...and why not confidence in yourself, with a little help from one of the best managed companies in my lifetime....appreciated your views be they "pro" or "con"...tis a slow day today, cheers, ed a. |
