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

To: Joe Sabatini who wrote (70045)	10/7/1998 8:39:00 PM
From: chuckie	Respond to of 176387

DELL is going to start looking good soon, the froth is working itself out, the company is a great one, but a little ahead of itself especially in relationship to the rest of the market. You can never call DELL out, shorting it burns you and trying to trade it short term is futile. But at a good in price it is a fantastic stock. I like it in the mid 40s, worst case we see 38, in a general market collapse especially if the IMF or one of the hedge funds blindsides us again. But otherwise, the panic sell is hitting the NASDAQ hard, a lot of people are going to want to lock in gains on DELL and CSCO, there is method to this. Plus, I wouldn't be surprised to hear that there are hedges that are unwinding stuff in a mjor way that is dragging down this whole show. Capital protection is king right now, you hold, wait and get in at a decent price, may not pick the bottom, but you don't need to, just try to buy in at a price you feel gives some room for appreciation. DELL at 68 gave very little room for disappointment in the market and in the economy, hell if CLINTOn farted at 68 the stock would correct 5-6 points. Now we are strating to see DELL look like a stock that you can buy, it does this every 2-3 months and usually it turns out to be a good buy. I just got into an arguement with Patrick about this because I can't stand people who always say "its going up, its going up". I like to hear some disagreementonce ina while. Peace, Chuckie