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

To: TCBinAugusta who wrote (83917)	12/6/1998 9:33:00 AM
From: JBird77777	Respond to of 176387

Interesting comments on Dell in thestreet.com by technical analyst Gary Smith: Dell on Top Gary, What do you think of Dell (DELL:Nasdaq) now? Is it consolidating to newer highs or ready to break down to $50? Thanks, Patrick Scaglione Patrick, For Dell, I chose to look at a weekly chart going back a few years. (Dell 3-yr. chart with annotations here: "Trend line violated only during October (1998) panic attack") This clearly puts into perspective exactly what I'm beginning to think about this company: It's a freight train that just wants to stay on the upward-sloping track. Other than that, the only thing I noted was that volume has been declining the past few years. Ideally, you'd like it to continue rising as the share price rises, so I'd have to deduct half a letter grade from Dell. Still, the stock obviously warrants at least an A-. On the fundamental side, I always thought the company was overrated. But, whoops -- I just started looking for a new laptop, and Dell is at the top of the heap. Only wish I had discovered how good they were a few years ago. Gary B. Smith is a freelance writer who trades for his own account from his Connecticut home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith also writes Technician's Take each Monday and Charted Territory, which appears every Wednesday.