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

To: Bruce L who wrote (1207)	7/18/1998 4:18:00 PM
From: Ming	Read Replies (1) \| Respond to of 2578

Probably. Assuming that Nasdaq can reach 2100-2150 before topping out. Dell's more volatile than the index itself, and, barring an IBM disappointment, the stock could actually go over 130. I underestimated somewhat this stock's short-term momentum. Up to and after mid-August(when earnings come out), investors will essentially have a free license to bid this one up to absurd levels. I'm still bullish in the short-term about this stock, but am moving my target range to 130-140. That may seem absurdly high, but when should never underestimate the herd's imbecility, not to mention the power of short covering. Long-term story is still interesting. Please don't short this one now. Wait for the harvest.