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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (13614)8/3/1998 9:54:00 AM
From: Chris  Read Replies (1) | Respond to of 42787
 
notice that csco is up for pre-earnings. not much though...

that's a good sign for dell (simliar pattern perhaps when dell earnings comes out)

mkt tanking.........................



To: dennis michael patterson who wrote (13614)8/3/1998 11:12:00 AM
From: Electric  Read Replies (2) | Respond to of 42787
 
dennis,

I have to concurr with that statement. It might be wise to observe sentiment of the market, it seems to me that in this market, that it might be wise to sell before the news, like Chris was mentioning, since almost any number isnt good enough if the stock has ran up any number before earnings.

I am going to observe AOL and CSCO, these are two stocks that are similar to DELL, both might split, both have run up before earnings, and both have momentum players in it, both have higher than average betas..

If one of the two doesnt split, and it gets hit, then DELL will likely do the same, since I think they will beat the estimates..

Last quarter DELL did not split, and it saw a mini correction, the quarter before it did split after earnings, and it did continue to run. So it seems key that will they or wont they? If the bear sentiment is gone, and the market is rallying near that time, then I will hold through, but if things are unsettled and DELL isnt at new highs, then I may exit. I tend to think DELL will see 115 before 100, but it is always fun to have different thoughts on the same thread..