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

To: K. M. Strickler who wrote (37541)	4/11/1998 7:12:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 176387

Re:, I have not heard the explanation that has satisfied my curiosity as to why DELL hasn't performed to pre-split levels yet, and why there wasn't more positive stock action after the meeting? 1)CPQ warning, INTC warning 2)CPQ, INTC, GTW earnings come before DELLS 3)DELL sure has gone up a lot already this year what more do investors want? We will know by May, when DELL reports, how DELL has been doing. Greg

To: K. M. Strickler who wrote (37541)	4/11/1998 9:06:00 PM
From: Sig	Read Replies (1) \| Respond to of 176387

Ken: <<<< why DELL hasn't performed to pre-split levels yet, and why there wasn't more positive stock action after the meeting?>>>> 1. I thought it was generally expected here on the thread that Dell goes down after a split, its about my only area of agreement with bears(ggg) 2. Dell almost always goes down after huge volume days, which often occur just before splits.As long as Dells volume stays about the same as now, I feel reasonably assured its not heading for the cellar. 3. I have followed many splits, and had a rule to sell very soon after the actual stock split as it often goes down in price for the next few weeks. True for Dell also, but I NEVER sell Dell ( it will come back, outrageous taxes, can't time when to get back in) 4. Rules are meant to be broken, if I sell after a split and a stock still looks good and continues on up I just buy it again. 5. Dells price has a life of its own, stay away for one day and and it can go up 2 1/2 to 6 points (it usually goes up (hehehe) for no obvious reason. My explanation for it ( right or wrong), is that institutions want it in their portfolio and when they decide to buy it the price goes up. Sig

To: K. M. Strickler who wrote (37541)	4/11/1998 10:33:00 PM
From: jbn3	Read Replies (2) \| Respond to of 176387

re why hasn't DELL gone up, post split? I think there are several reasons. 1. As Greg pointed out, there is serious concern about CPQ, IBM, INTC earnings reports. 2. The market is not sure how the 'price war' will affect DELL, Michael's comments notwithstanding. 3. DELL is trading at an historically high PE, and at a premium to most other 'boxmakers', so the market may feel that the risk:reward ratio has changed enough to make it cautious. 4. This is an historically slow quarter for the industry. If an analyst is downgrading CPQ, HWP, and IBM, he better be very sure before he upgrades one of the competition in a difficult quarter. 5. With lots of major earnings reports coming out in the next couple of weeks, the momentum boys may be concentrating capital elsewhere right now. 6. There may be tax-related selling occurring, making the market softer than normal. 7. The market may be holding its collective breath to see if the DOW can hold 9000. 8. Any fund manager who bought a chunk of DELL and has held it for two years, is probably 'overweighted'. Some may be unable or unwilling to concentrate any more of their risk in (this) one stock, and some may even be selling portions of their positions just to balance their portfolios more. As an individual investor, I am perfectly willing to concentrate my risk in this stock. 9. I think that we might have had up- or downgrades if Friday had been a normal trading week. However, with the market closed Friday and options expiration next Friday, some analysts may have felt the need to talk to their trading desks before they issued reccos. (I know, they don't do that!) You might watch for unusually heavy options trading at the opening Monday, either puts or calls. I would suspect that all of these items play some role in the current price scenario, serving to make DELL a less compelling buy than it has previously been considered. If you recall, however, after the previous split, the price also dropped several points. Unfortunately, that provided an excuse for several bears to part with substantial chunks of change. Hope that helps. DELLish, 3.