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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (25033)	8/24/1998 9:39:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

David; I'm not singing the merits of DELL but keep in mind it's part of what I call the magic ten. It's very hard to take down a stock once it becomes as big as DELL is. The MO MO effect of the index funds tracking the S&P forces them to buy all of the Magic 10 in an up market. If you short Dell be sure it's in a down market, when they are also selling. In other words don't stay short dell if the market kicks to the up side, re-short when the market drops, she is too high up in the index to fight the market. Don't count on a major drop unless the market tanks. This is a strategic view , & has nothing to do with FA, getting the kings off the top of the hill takes damm near tearing the hill down. Nature of our index funds, and S&P weighting causes this. Jim