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

To: D.J.Smyth who wrote (78067)	11/11/1998 1:37:00 PM
From: JRI	Respond to of 176388

Well Darrell, before giving you an exact answer, my slow mind needs a little more time, I want to go back and reread his (Kumar's) comments... But it would not be surprising if Dell sells off after earnings...this seems to occur quite often...Will it definently happen? No. Could it happen. Sure. I think it would be unusual, but not impossible, for Dell to go straight up from here.... Also, the overall market(s) have had quite a run here lately... I think the only thing that will really move the market (including Dell) significantly higher in the next couple months would be a .5 basis point rate cut by the Fed next week....I guess the odds favor, though, 2 .25 cuts by the Fed.....IMO, that should be enough to keep us in a mediocre trading range for the rest of the year.... I think the market already expects .25.....so we wouldn't see much movement in the overall averages as a result... Look, Dell is a volatile stock, so I am not surprised at all by 10-20 pt. price swings (either way)....the key here is to think long-term.....short-term, it can do a lot of things....include give you heart attack...Try not to get too high or low (emotionally)...that is my advice..If you want to play it....Buy more when it is down 20-30% based on other company's fundamentals....That has been a good, simple, effective strategy in the past.... Long term, Dell has been very successful for me....I dont trade it... ------------------------ Oh well, here goes.....if the overall (and techs) stays slightly up or mediocre over the next 2 months, I think Dell could hold 60, and maybe 65... If we get a broad selloff (due to a bad surprise by the Fed, some hedge fund we havent heard about, and/or an extended Iraqi conflict), maybe we could go to 50..... But what do I know? I certainly would never trade based on my short-term guesses.....and I probably have as good a track record (as most) on thread... I can't see much further than Jan. 1, 1999....check back with me then <g> Good luck...