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To: MonsieurGonzo who wrote (3450)	8/14/1998 7:56:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

RE:" DeSade Does DELL " So, what do I think about DELL, really ? Maximum Pain (^_^) DELL will be bid up in anticipation of earnings. Earnings will come out and be OK as usual: DELL and AAPL are selling boxes, baby. But the rally will be cut short: options expire on Friday. The Chicago boys, the "house", want DELL to be between 100 and 120 at expiration - they sold a lot of CALLs when DELL was streaking to 120, and they sold a lot of PUTs when it started tanking to 98 - and maximum pain is for it to be around its apex. The Symmetric Triangle will look like it's failed; people who bought on the breakout UP will sell on the apparent reversal of upward momentum DOWN. DELL will drift lower, hit its 9-month UpTrend Line, eventually, and then take off again towards 140. That is, if DELL reports good earnings. Gott help us if DELL or MSFT or INTC or CSCO/LU come out with a downside surprise. Then their P/E will be cut by 1/3 by the time everybody bails out. BWDIK ? -Steve