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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: stock bull who wrote (1206)	7/16/1998 7:02:00 PM
From: larry	Read Replies (1) \| Respond to of 2578

Stock bull, Well...I think that most of the second and third tier internet issues will eventually fizzle off, issues like SEEK, LCOS, let alone KTEL etc., but YHOO! and AOL are gonna survive and dominate their respective market. I also believe that YHOO! can see high double or even triple digit earning growth in the next five years. So I will use some serious weakness in this sector as reentry point. For DELL, I am just riding the momentum and try to make as much $$ on it as possible. But let's face it. The best DELL can do is to beat first call by 3 cents, and that's not going to judge the massive rally. I do believe that DELL will move up to 130-135 before they announce earnings, and then fell back sharply to 110. Most of the people on the street knows the game. Only those naive investors believe that DELL is going to move up forever. Look at MSFT. Looks like that it's gonna settled at 110 within the next two weeks and probably trade sideline between 105-120 for most of next two months. Here's hoping that the DOJ will do their best to screw Mr. Softie in the coming months so that it will present another wonderful opportunity for us. Maybe someone should force Reno to short 10 k shares of MSFT so that he can be forced to do a good job.:) Anyway, such a market rally is a strong indication that a mini correction is on the way. I think that Nasdaq will correct at 2050, then go down to 1750-1850. And DOW should marvel toward 9500 before coming back to 8500. All this can happen within the next two months. good luck, larry! BTW, do you have any issues that will make a great defensive play when market corrects? I correctly predicted that Nasdaq would correct in May and loaded my portfolio with MO. So by writing covered calls and grabing dividend, I actully made some nice gains during that time. ALso by trading MSFT, DELL, and internut issues.