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Technology Stocks : DELL TA ONLY -- Ignore unavailable to you. Want to Upgrade?

To: Spaw who wrote (94)	11/13/1998 7:16:00 PM
From: E. Davies	Read Replies (1) \| Respond to of 202

"Trade would have been long puts for the day" Have you managed to be sucessful with daytrading options? I tried it for a while miserably. Between the inability to set stops, larger spreads, higher commissions and smaller movements relative to the stock itself I could only get a decent profit on a very solid move of at least 2 points in the stock. Finally gave it up. Policy now is that options are to be held for 2-3 days at shortest, preferrably a week or two. Eric

To: Spaw who wrote (94)	11/13/1998 7:27:00 PM
From: Taylor Caruthers	Read Replies (2) \| Respond to of 202

Spaw, uptrend is still intact, but DELL is most definately ABOVE its 200 DMA not below it. I think you meant to say above. Today's action could be an Inverted Hammer. Let's see what happens Monday. If on Monday DELL opens above the real body of the inverted hammer, it means those who shorted are losing money. The longer DELL holds above the inverted hammer's real body the more likely these shorts will cover. Good Luck.

To: Spaw who wrote (94)	11/13/1998 8:38:00 PM
From: TREND1	Read Replies (2) \| Respond to of 202

Spaw you wrote <<Dell should pop out of this hole Monday morning FIRST thing.>> Have to checked after hours trading ? Maybe it's moved up already ! I agree with you that 63 is good short term support. Larry Dudash

To: Spaw who wrote (94)	11/13/1998 10:51:00 PM
From: Greg Jung	Read Replies (2) \| Respond to of 202

Noticed this amateur Dell TA group, here's my comments reposted from the sandbox. * Note this is amateur chart gazing, not a recommendation * Maybe you can read this: iqc.com Notice the following: o - 2 successive gaps down, making some sort of island formation that candlestick readers would say is bearish. (on the way up this is supposed to be very bullish). o - Reversal of momentum indicator (of course). tifwiw. o - MACD negative (of course) reversed from positive in the earnings run-up, level at zero leading up to this at 65. o - closed below 65 level recently established prior to earnings run-up. o With exception of spike down on Oct 8, Jan 1996 was last time price touched the 200 dma. 200 dma is at 45-47. Anything under 50 will be short-term salvageable (if not on margin). o - Several times rested and touching the 50 dma, now at 60. If the 50 dma crosses below the 200 dma this is a "bearish" technical indication and will be widely recognized as such. o - 200 dma is rising swiftly (+5 in one month) o Michael Dell himself has stated he expects to maintain a 20 - 25 % growth in revenue for five years. No more boasting about 25% sequential. That's all the snake oil I could muster. Of course if Dell price rises indefinitely after bouncing off whatever level it bounces, it will leave a blip in the chart and we're talking PE=100. I think we may be in for some normal sideways action at best before Dell can go straight up again. Dell is heavily over-owned and it won't be pretty when the fund managers don't want to hold so much. Short-term support at 60, below that wait for sub-50s again for a smallish position. The world will end on Feb 14 so you can load up some more then.