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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (16048)	5/15/1998 12:39:00 PM
From: mattie	Read Replies (1) \| Respond to of 68294

I agree with you on Dell short term. I think it will hit support at $88. But I am long, having bought last December and have huge gains (140% or so). Dell should bounce and eventually move above 100, probably on a stock split announcement after earnings. A short to look at, EK. Price war against Fuji, who has lower costs. Fisher stated earlier this week the quarter 'looks ok, but there are some uncertainties' meaning ' we are going to miss our numbers'. The stock has been up strongly on anticipation of a turnaround, but that is not going to happen in the near future - at least not with a price war. I am also short NSM at 22 (been waiting for this break) and IBP at 23.5 (about to break through support - another good one to short still).