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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (21893)	8/10/1999 1:12:00 AM
From: Electric	Read Replies (2) \| Respond to of 42787

dennis, I would be careful on DELL, earnings are comming and we know how the stock normally acts around earnings. If it goes to high 40's to low 50's before earnings it might be a play for the darkside. I am a big time DELL bull, but even at these stagnant levels, DELL has a PE over 60, hardly buying off the bottom. GTW split ought to help tomorrow, and you might want to take a look at the 2002 leaps on DELL, you can go in the money 20 points and pay 7 points or so premie for 2 years of option. I think that option will go in the books as the best bargin seen. I forgot that I mentioned on here that AOL was going to the crapper, I told every living sole I knew though, a stock cannot behave this way when it has ties as AOL does. I agree with you about 60, there seems to be nothing that is holding as support and I really dont know where I might step in and buy, maybe nowhere. Same goes for Ebay, I wont touch it. I do love how RBAK is totally hanging in there, same with QCOM. I think the net rally this fall is going to be selective and shorter than last year, people better not bank on buying anything internet and making out. Notice how Janus 20 and WWWFX arent beig mentioned anymore on commercials and that is for a reason. The glut of IPOs is really killing the sector, and one might be prudent in shorting any real dog that will be swept under the carpet eventually when the seector turns losers into penny stocks like what happened to the bio-techs (NEOP as an example). I wont name names I like on the downside since people on SI are real babies when someone does not agree that their stock is going to double for them. I learned my lesson on this thread about that...lol Be careful dennis, somthing tells me we are in trouble, I do not like what I am seeing technically intra-day, tick and the a/d line are horrid, there are some individuals holding up the DOW while the naz and the s&p are going down, notice the last 3 sessions in the final 15 minutes the dow is being supported with buy programs. Today the s&p and dow miraculously recovered in the final few ticks, this cannot hold. After tomorrow the ONLY thing that holds this market up (IMO)is a light PPI number on friday. If that number is strong and prices are rising we will see blood on the streets. I would like anyone to tell me what is going to drive this market for the next month except MM's and 401k money, so come out of the woodwork and tell me... Long post huh?