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


To: McNabb Brothers who wrote (9611)6/3/1998 4:59:00 PM
From: Tao  Respond to of 18691
 
is Dell at this level still a good short?
what target level do you see Dell will likely to fall to in 3 months?



To: McNabb Brothers who wrote (9611)6/3/1998 5:43:00 PM
From: Lazlo Pierce  Read Replies (1) | Respond to of 18691
 
Well, Intel came out with a denial of sorts of preannouncing.
The choice of words used here is both interesting, and ambiguos.
******************************
<<"At this point, I can say that we do not have anything
planned for today," said Intel spokesman Howard High, when
asked about the rumors on Wall Street that Intel might
pre-announce a second quarter earnings shortfall.
"I am not aware of any plans to change our guidance," High
said. "At this point in time, we don't have anything scheduled
to change that (previous guidance)." >
*************
However it has had the effect of propping up intel and dell afterhours. Both are up about 2 afterhours.

Dave