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


To: Mohan Marette who wrote (96737)2/10/1999 10:32:00 AM
From: D. Swiss  Respond to of 176387
 
+3/8rt



To: Mohan Marette who wrote (96737)2/10/1999 10:32:00 AM
From: Glen L. Peden  Read Replies (1) | Respond to of 176387
 
Man, oh man....If I had sold when I posted before, the stock would have been 3 points higher before I even got confirmation of the sale:) Not that I would have.........:)

Glen



To: Mohan Marette who wrote (96737)2/10/1999 10:53:00 AM
From: JRI  Read Replies (1) | Respond to of 176387
 
In defense of Ralph...gggg

Acampora's target was 5-10% down from the recent peaks, and then higher....I believe the Dow closed above 9600 in early January...yesterday 9100+....so there's your 5% correction Ralph was calling for...now, according to Ralph's prediction, we are going to 11000 (higher band)..also, Jerry Favors said on Friday that we would be going higher today <SBG>

(Naz down close to 10% as of yesterday)...

My commentary: This is a classic tech sell-off in a bull market...Cisco falls almost exactly 20%, EMC 15%..Dell had a bit further to fall (so it did this morning)...Pretty orderly sell-off...People get nervous because these things now happen over a couple week period (vs. a couple months a few years ago)....We should be glad these "corrections" happen quickly and sharply...we wind up with a better overall return this way! (and get some great, clear buying opportunities....)

The current economic environment and the specific demand environment for Dell is the strongest I've seen since I've been following the stock (about 1 1/2 yrs..)...one would be foolish to think this sell-off is going to last much longer (if at all)...

I'm sure Merrill Lynch is buying like crazy here...