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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: lazar921 who wrote (14346)	2/21/1999 4:12:00 PM
From: Al Serrao	Respond to of 34809

lazar921, thanks to my number #1 tape watcher and WIZ I made a nice 17 points and exited at 104 1/2. Yes DELL is among the best, but it has had a tremendous run and looks like their margins are starting to slide. What a great company and what fine machines. But this is about making money short term. RS has turned to 0's and mom. has turned neg, while the sector is tanking. Money flow is also neg. Pure and simple, they are selling the stock. If your a believer in DELL long term and want to hold no matter what, you may want to buy some puts to hedge your position, or lighten up. Splits are a help, but I've also seen stocks tank after a split. If you choose to keep your position, just be prepared mentally for a ruff ride. Best of luck and hope it works out. By the way I'm a great believer in DELL long term. There are a lot of rich people here in Texas thanks to Michael Dell.