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


To: Chuzzlewit who wrote (44562)5/23/1998 2:08:00 PM
From: Mr. Aloha  Read Replies (2) | Respond to of 176387
 
I believe DELL will trade fairly close to these levels.

This is still a HUGE momentum stock and until that changes there will be plenty of support. I expect a little more profit taking but the direction of DELL is factored on the overall market, just like last week. If fears over PC pricing pressure continue, DELL will likely slip some more, but probably not much.

I expect a sideways movement until some smoke clears. I don't expect any large decreases from here. I also don't believe it will just shoot up.

TA needs FA and FA needs TA. If you can understand the two you'll have a MUCH clearer idea of where your going. Another major factor is understanding and following the markets thoughts (If you're concerned about the short-term). When companies/the market start talking about PC pricing pressure and you see that DELL is trading at $95 when the 50 and 100 day are 20-30? points lower you kinda get the feeling that it might trade down a little (cooling off).

Aloha