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

To: Foad who wrote (16058)	5/16/1998 3:02:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 68358

Thanks for the article, Foad. Drew, a respectful, research-focused, hands-on analyst, may be up to something. However, I was told sometime ago that one WS brokerage firm shorted DELL last year and has not covered yet. Imagine that! On DELL, Est is 42c, Last Q. was 41c and the whisper is 45c. DELL's stock price does NOT usually rise by 50% ahead of earnings like it has in the last three weeks. It does it AFTER reporting superb earnings or sometimes within a raging NAZ market. Therefore, expectations are higher-than-usual and if not met will quickly result in a pullback to above the breakout level of 70. This week is THE MOST CRITICAL week ever since we started post-MSFT decline. A classic bulls & bears battle on two fronts; earnings & interest rates. Logically speaking, there are four possibilities(dell earnings good or bad and interest rate hike or the fear of it taking place in the following months affirmative or negative) with three possible outcomes on stocks: Stocks go Up or Down or stay range-bound. I will be out of town on a business trip on Wed and Thurs. I haven't covered any of my shorts and have been adding some so I will be facing the decision that all of us traders have to face on numerous occasions. What to do next in the face of such critical week? I've haven't yet decided what to do before I leave town. There is negative bias going into this week so I am not rushing to cover. Also, if any BAD news breaks out over the weekend, WS will be determined to hand out AG an early-FOMC gift in form of a steep decline on Monday. Personally, I say with a lot of confidence that DELL won't see $98 for sometime to come even if it meets 45c whisper number. Clint