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


To: tsyl who wrote (79729)11/13/1998 10:04:00 AM
From: stock bull  Read Replies (1) | Respond to of 176387
 
Tsyl, your seem to be right about 66 being a resistance level. Last few minutes the stock has tried to brake through and failed. However, its early in the day, so we will have to wait and see how things work out.

I see the downgrades are starting to hit the street. To be expected give all that has happened. IMO, this is "nuts". I fully understand the valuation issue, but Dell is still the fastest growing company in its industry sector. Of course a company can't continue to grow at 50 to 60% forever. There is a rule that prevents this from happening...I think it call the "law of big numbers". I may be wrong on the exact terms, but I think you get the point.

Sure hope the Dow, S&P, and Naz stay up today...up big time. Dell needs this support. However, with Clinton getting ready to pull the trigger on Iraq, I don't see how anyone trader is going to be long over the weekend.

Lets see how things play out today. More on Dell later.

Stock Bull