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

To: Venkie who wrote (44996)	5/27/1998 2:29:00 PM
From: J P Cross	Read Replies (2) \| Respond to of 176387

Venk, Im a dellhead but sold off last Friday because I felt we were in for a correction. * Asian markets are in bad shape, the increase in value of the dollar will make it harder for US companies to export in fact there likely will be a decrease in exports overall. (Dell excluded) * We have already seen some companies getting clobbered due to earnings short fall and some with good earnings (Dell) are getting clobbered as well. * I don't think the majority of US companies can keep up the good earnings reports. Something has to give and I am anticipating some so-so earnings reports the next two quarters. How many CENDANTs are out there with inflated earnings reports? You know there are some problems in this area just how much and how widespread is it. * Summer is just about here - bad time to own tech stocks. * The governments actions against MSFT and now INTC for monopolistic activities. Not good for tech stocks at all. * Interest rates and the inflation rate bode well for the market but you can't argue that a pull-back is and has been in the making. * If we have many more days like the last five trading days momentum could take this market much lower (fundamentals be dambed - the correction like bull markets could be overdone and perhaps by some standards is right now). * The market could turn up on a dime as before but something tells me that this market is very tired and money is going to sit on the sidelines for awhile longer. I will be back in DELL before long(with the truck) but not until I see evidence that the market has turned the corner to the upside. For the time being it is Rydex URSA (RYURX) and Prudent Bear (BEARX) mutual funds for me. A Dellhead but on the side for now, JPCross