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

To: Robert Graham who wrote (14671)	8/18/1998 2:13:00 PM
From: dennis michael patterson	Read Replies (3) \| Respond to of 42787

Bob: your verbosity is ALWAYS appreciated. I wanted to contribute a few notes from a trader. As you know, I am an inveterate trader of Dell. I have been buying from 108 down to 105 last week. I just unloaded my position at 112 5/8 bid. The stock looks heavy to me, and I don't want to be in it for the earnings. The possibility of disappointment is just too great. I think at best-- very best -- there are one or 2 more upside points and the it sells off. I've booked some nice profits and now I am waiting for the rally to peak, hereupon I will buy OEX puts and ride it doen for the big one. Favors says this rally can last a week. It may. But this market has had it, IMHO.