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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Tradegod who wrote (218)	3/20/1998 8:49:00 AM
From: jjs_ynot	Respond to of 2578

Also, INTC is cutting prices on high end microprocessors to try to jump start demand for that product line. My projection is still for a wide trading range from 61-69 about 50 percent of the time between now and August with extremes of about 55 to 72. The "easy money" has been made IMO. DELL was significantly overvalued just prior to the split relative to recent price trends (MACD and fundamental analysis). That is much lessso the case today. I suggest that the stock was forced into the 62.5 to 65 funnel the last two weeks by huge forces of options. I might wait until Mon. or Tues. to see what the market forces are after the option pressure relaxes. Dave