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

To: TechTrader42 who wrote (159)	12/1/1998 4:50:00 AM
From: E. Davies	Respond to of 202

DELL is volitile enough that the "support" is really basically just somewhere in the 55+ to 60- range. I agree that calling it around 58 is a good guess. I think there is a pretty good chance this range is going to hold. Sadly I have a lot of stock bought above 60, as well as some Dec 55 calls. I'm guessing DELL=55 at expiration. One positive IMO is that DELL is roughly right at the 50dma. DELL wont stay below the 50dma for long without a real crisis. I had hoped for better treatment for DELL from this market. Quite suprised actually. Now I'm hoping that since its already been beaten on it will hold up better through the market correction I think is starting. (2-3 weeks) Any opinions on that? Eric