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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (9033)	5/21/1998 9:15:00 AM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 18691

Craig<<<< This morning's Dell love fest was a bit sickening. >> Why? Because DELL executed perfectly? There was an article in the WSJ today that said DELL's Q1 earnings surpassed the quarterly PC earnings of CPQ, HWP, IBM, and GTW combined>. ************************** No, the reason it was sickening, was because it turned into a manipulative way of trying to pump the stock up. Cramer et al, spent a bunch of time trying to convince people that it was shorters trying to manipulate after hours trading to worry weak hands into selling. Not once did they mention the fact that the stock had run from 110 (on the day of the last report) to 190 (split adj) in 3 months. The report was a wonderful report, but the stock had gone up 72% in 3 months, and it was perfectly normal to sell on the news. I enjoy Cramer alot, but IMHO, this one was about hype. Dave PS Been long Dell since 10/96 (though I sold last Oct, bought back in prior ro last earnings in May.