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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (18359)11/13/1998 2:20:00 AM
From: Tiley  Read Replies (1) | Respond to of 68210
 
Hi Clint and Mattie,

Have been extremely busy at work, so haven't posted much lately.
In my opinion, DELL's earnings won't amount to much either way but its crazy days are probably over. Now, best case, we should see the stock price settle for the earnings to catch up. There might be some profit taking etc.

Also, I don't think we're going to see a continuation of the market downturn yet - still too many non-believers around. However, we should be due for a correction for this runup, perhaps with a Fed non-action.

There is not much downside in the semis till Jan. so the risk reward ratio is in your favor for any investment/trade here. I would buy MU and TXN on pullbacks. Small stocks should selectively do all right. The short-term top in the internets should be closeby (perhaps a week or two more).

How's that to get things going?

Later,
- MJ