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


To: Monty Lenard who wrote (25442)8/28/1998 8:19:00 AM
From: OVETUS  Read Replies (1) | Respond to of 94695
 
DELL , still the best idea to short?
I listened to Beara yesterday telling that Dell has reached a technical chart point where it was called "the best idea to short".
I am still interested in know if any of you think that shorting DELL at the opening, let's say around 122 -125 ,could result in a good move.
You should know that this stock is like Bruce Willis "Die Hard", and it always keeps coming back up. But i think, like Bobby beara says, that with all the world problems around there will not be enough demand for DELL to keep selling PC's at any rate in order to justify the multiples it is trading at.
What do you think?
Juan Jose
Regards.
P.S: I noticed a nice spike up in the SPFutures from -19 to +10 , and the DAX in Germany coming back up to the support level of 5000.
Maybe this is a dead cat bounce?