Greg, it's really only 3 months... (1)feb (2)mar (3)apr.
If I had bailed out every time Dell 'appeared' to be dead
money, I would have looked for greener pastures at exactly
the wrong time and lost a fortune.
Two recent periods come to mind...
Jul 25, 1997 to Jan 12, 1998
Beginning price 10.84, Ending price 10.90
Appreciation, zzilch
Time elapsed, 5 and a half months
Jul 17, 1998 to Nov 30, 1998
Beginning price 29.3, ending price 30.4
Appreciation, not worth mentioning
Time elapsed, 4 and a half months
Currently 3 mos... what, me worry? The upcoming confluence of fundamental, and current technical factors make Dell a screaming
buy at this time... especially for traders with an intermediate
term horizon of a few months.
I can't believe all the so called chart experts out there
haven't even mentioned Dell's current OBVIOUS price pattern
formation and what it suggests. Anyone care to consult the Pring manual??
MEATHEAD |
