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To: D.J.Smyth who wrote (81008)11/17/1998 4:00:00 PM
From: Joseph Francis Torti  Read Replies (1) | Respond to of 176387
 
Dell Sixty dollars Friday November 20th you heard it here. Hope it Gapped opens tomorrow. Will short about five minutes into the day. Now that I've said that watch the sucker opened 2 points lower.
Joe



To: D.J.Smyth who wrote (81008)11/17/1998 4:34:00 PM
From: Chuzzlewit  Respond to of 176387
 
Darrell, I think you are right for two reasons. First, the Feds move was aimed at restoring an interest rate spread within the banking sector. This means that banks will be more willing to lend money. That means it is easier to borrow money, which means that initial hardware purchases and upgrades are more likely.

Second, the Fed's move does nothing for long-term interest rates, which is the basis for cash flow valuation.

TTFN,
CTC


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