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

To: Dennis who wrote (52046)	7/18/1998 12:34:00 AM
From: Sr K	Read Replies (1) \| Respond to of 176387

Often the daytraders cause the stock to run up at the opening. About 2:30 to 2:45 or so there's often a pullback as the dt unwind. Then, often, strength into the close, as the shorts get squeezed and those who want it bad, go for it.

To: Dennis who wrote (52046)	7/18/1998 12:40:00 AM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 176387

Re: Buying at the open. I have observed a pattern in the first hour of trading DELL and many other tech stocks. Tech stocks are the only stocks I follow so I don't know if the pattern applies to all stocks. The pattern is this: The price moves a couple of points in one direction or another in the first half hour and then reverses. This pattern doesn't always occur, but it occurs frequently. I believe it is caused by an imbalance of buy and sell orders at the open that isn't sustained during the day. Of course lately the price starts up and keeps going without reversing. The bottom line: Don't know about the time of day, but today is better than tomorrow 3 times out of 4.

To: Dennis who wrote (52046)	7/18/1998 6:34:00 AM
From: JPR	Read Replies (1) \| Respond to of 176387

Mohan, you suggested to someone NOT to buy at the open. Why not?? I plan on buying more Monday. Should I buy an hour or two into the day?? I usually don't buy at the open. A stock like DELL usually pops up at the open. pop-downs also happen. I watch the tape and note the time and sales prices. Once the selling pressure is over the buying comes in. I tried to catch the bottom, usually in 15 to 45 mts. If you miss the first opportunity to buy the first dip, sometimes there is a drop in price at around 11.30 or so and again between 12 and 1PM (the lunch crowd or the day traders are winding up their day). This is not written in stone. There were many days it was just one climb up all day. After 1 PM, the day traders are gone and the price moves along a plateau. At about 3PM, nervous types sell. Many times I saw frenetic action on the up or downside in the last 5 minutes depending upon the news or psychology of the day or moment.You can use that last 5 minutes to buy or sell to catch the bottom or the top. JPR