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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: accountclosed who wrote (46709)2/12/1999 9:34:00 AM
From: gbh  Respond to of 132070
 
AR, my mind is never made up. Days like today always make me uneasy.

08:49 [DELL] ROBERTSON STEPHENS SETS $80 NEAR-TERM PRICE TARGET FOR DELL.
08:49 [DELL] ROBERTSON STEPHENS EXPECT SHORTFALL FOR DELL IN U.S. DESKTOP, SERVERS.
08:49 [DELL] ROBERTSON STEPHENS SEES SOFTER Q4 REV FOR DELL, BUT SEES EPS IN LINE.

I guess this is Dan Niles at Robby Stephens, who currently has a hold on DELL, so this should be viewed a little skeptically.

But, given that even a move to 80 will still leave the stock up about 10% for the year its not too disconcerting. Yet...

There is chart support at 80, 72 and heavy support at about 65. Any break below these numbers would be very negative for the short term outlook.

As always I will be watching closely.

Gary