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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: TTOSBT who wrote (148682)	12/7/1999 2:45:00 PM
From: TigerPaw	Read Replies (1) \| Respond to of 176387

there is no logic whatsoever in Dell's stock action! My working hypothesis is that several of the mutual funds were surprised by Dell's decline and lack of movement this year, just as us regular guys were. They have millions of shares which have overall done very well for them, but they are frustrated (sound familiar?). One of them picked a price of $45 to get out and have been selling steadily for the last week, millions of shares. That is the logic that makes sense for that one fund. (maybe a couple) The flip side, is that Dell is looking better than it has for many months. There is interest, but the other funds with the deep pockets want to wait until the new money flow in January before they buy, so that leaves the early trend buyers to swallow those millions of shares by themselves and it takes time. As of today there is not a solid wall at $45 anymore, that indicates to me that the big sellers have sold, and now it is the herd of smaller frustrated players that are trying to raise cash to chase the wireless and storage companies. They will sell out quicker than the big players. The wall is cracking, but don't expect it to burst until next year's money hits the market. IMHO TP