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

To: Mohan Marette who wrote (44371)	5/22/1998 12:17:00 PM
From: JPR	Read Replies (1) \| Respond to of 176387

Right Line Split Report: Dell Computer (DELL) - Buy the rumor, sell the news. That is one statement that describes DELL movements after posting yet another strong quarterly earnings of $0.44 per share. As we described in Tuesday's newsletter, the after hours trading that went on after DELL posting their earnings on Tuesday was quite misleading if not downright manipulative. DELL ended up opening higher on Wednesday to 95.875, and rose as high as 96.25 before a big seller started unloading causing a sell off and finishing the day down 2.84 to 91.75 on Wednesday. The selling wasn't apparently over on Thursday as DELL tanked another 4.688 to fall to 87.062. The Street was looking for DELL to blowout the number and had priced the stock for the blowout numbers, but when DELL only beat analysts by $0.02 Wall Street viewed this as slowing down by DELL. Combine MSFT's situation, downgrades to Gateway, concerns on Intel and you ended up with an old-fashioned tank job. We have seen this before on DELL in almost the exact situation when Intel was hit back in March, then DELL proceeded to recover and run from 61 to 98! Kick back for now, as DELL will be back in gear in time. Remember, patience is key in the stock market. Sitting on your hands may be what is needed for now until the markets can make it through all of its recent turbulence.