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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Frank Ellis Morris who wrote (65999)	9/17/1998 6:02:00 PM
From: larry	Respond to of 176387

Frank, I agree with most of what you said about AG. I was actually shocked this afternoon because I made the decision to sell Lu at a moderately loss. It kind of hurt my pride hard because I haven't made too many trades with losses, even after the market crashed. My instinct told me that the market is going to go lower. Although Lu is a great company, the sentiment toward telecom sector is very bearish, and technically, Lu is about to break to support at 70. But that's another story. The big story here is DOW is very weak and we are almost certain to test the recent lows soon. Market sentiment is again bearish, the DOW chart looks weak, and traders are selling into rallies. The big sellers are still there. Investors have not felt the pain yet... The big crash may not come tomorrow, thanks to option expiration...But maybe as early as next week. I am also very frustrated to read lots of super upbeat posts here on DELL thread. Sth like DELL will certainly go up to 110-120 early next year and get ready for another 2:1; DELL hitting 2000 at year 2k; DELL will never see 55 unless another split......The worst thing is that when that big crash day comes, lots of these investors will surely turn panic and join the chorus and send DELL down 10-15% in a hurry. But on the other hand, big $$$ can definitely be made in the long side if the market drops another 500 points. good luck, larry!