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

To: stock bull who wrote (1214)	7/17/1998 1:43:00 AM
From: larry	Read Replies (1) \| Respond to of 2578

Stock bull, I think that DELL will miss the whisper number, but beat the first call by 2 cents. A massive profit taking should follow suit unless DELL splits. I have noticed that the average selling price for PC has been steadily climbing up recently. Certainly it's good news for DELL. But can this dude sustain a current PE at mid 70s, and likely to hit 90s soon? I don't think so. The internet is where the future growth is, and the high double digit growth rate for DELL should be over soon. However, I will never fight against trend. I believe that both you and I are just riding the wave motionless and cash in big checks. I will certainly dump DELL before the earning announcement. Maybe I will come back to play DELL after the expected correction, but if their market cap goes above 100-120 billion, I won't touch the issue anymore unless there is some nice fundamental changes about their business. good luck, larry! BTW, DELL seems to have caught the YHOO! mania. Also, I just found out that the SI bull/bear ratio has reached 6, an all time high. Also the technical analysis indicated that DELL, MSFT, CSCO, and LU are all well over bought. A Nasdaq correction is coming. Hope it does not interfere with the nice, but also stupid DELL rally. Talking about the DELL rally, I strongly believe that the Street is manipulating the issue...I have some good friends who work on the street and they told me how they bought the pharmaceutical issues up early this year, and they shorted them in concert for some nice gains. They did the same with Softie and DELL after they report earnings last quarter. let's follow the suit of Wall Street big buys.:)