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

To: jjs_ynot who wrote (286)	3/28/1998 11:10:00 AM
From: Ally	Read Replies (1) \| Respond to of 2578

Hi Dave, Short term indicator has certainly turned to the downside. If the turn is continued, it is not a good sign, since the stock was unable to break the $70 level. With the 1st quarter now at a close (fund managers having done all their frentic buying to be at sync with the market), it wouldn't be a surprise if demand fell off while smart money holders take profits until Dell's report for the quarter. OTOH, 57.5 is way in the money, and IMO (assuming April puts), quite safe (FWIW) :-) d