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

To: RXGOLF who wrote (257)	3/20/1998 5:59:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 2578

>>> Dell is completely out of my area, but partly due to this thread, Dell became my first short today I'm sure that you are; however, I will just reinforce that you should do your own due diligence on any investment decision, esp. a stock as volatile as this one. >>> Would you mind running a little further with this thought. DELL has come down a good ways off its recent highs pre-split almost 20 percent. The extreme overvaluation is behind us. There are technical indicators of a continued downward trend but also that we may be reaching a turning point for the intermediate trend (1 to 2 weeks as I said) This stock got trapped in a trading channel between 62.5 and 65 for the past week and a half because of the pressure of expiring options IMHO. Thus, which underlying trend will become dominant should become clearer as we see the action on Monday. Fundamentally both good and bad things are happening. The INTC price cut is on balance quite a good thing for DELL. The effect of the $500. million debt offering is unclear, but appears on balance not a great positive for the stock. Valuation level as I have said is more reasonable. NOONE has a very good crystal ball in predicting short to intermediate price trends (esp. me) except that one can observe a trend as it establishes itself and try to determine if the trend will stay established for a while and for a profit.