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

To: Jerry Olson who wrote (107321)	3/4/1999 9:38:00 PM
From: Sonki	Read Replies (1) \| Respond to of 176387

ibm and dell sold off very heavily in the morning. MF was the most negative first thing in the morning for the both. So it seems like seller who knew of the deal were waiting to sell on this news. so have u been tradeing in dell in this range?

To: Jerry Olson who wrote (107321)	3/4/1999 9:55:00 PM
From: KM	Read Replies (4) \| Respond to of 176387

Hope this isn't a reprint. FWIW: March 4, 1999 Market Rap with Bill Fleckenstein Dell deal inspires melt-up madness The big news this morning in New York, thanks to CNBC's Maria Bartiromo making something out of nothing, was a Dell (DELL) and IBM (IBM) agreement that in essence calls for Dell to buy hardware from IBM - a total non-event. I haven't yet determined whether it's an exclusive agreement. But if it is, that's a negative for Dell because the Korean parts tend to be cheaper. It's not any kind of a service contract; it is just a pure hardware contract. Dumb and dumber... This created total euphoria over nothing, which is to say that a complete hype job got the stock market rockin' and rollin.' It had Dell up close to $5 and IBM up almost $10. A bunch of the semiconductor vendors and component suppliers also were up a ton. You'd think that if this were such wonderful news for IBM it might be less wonderful for the other guys, but that's not really the point here. So, stop the presses. The Dell-IBM deal is the functional equivalent of Ford buying tires from Goodyear. Is this the kind of thing that should cause a complete melt-up in technology and the stock market? It reminds me of the Jim Carey movie "Dumb and Dumber." Follow the bouncing ball... It just goes to show you that this continues to be not about investing, but about pure and total speculation. And at every juncture it is aided and abetted by Maria's cheerleading, who this morning was bouncing like a Ping-Pong ball between posts. This is not to pick on her specifically. It is just to point out that the enthusiasm with which news is reported incorrectly only foments more speculation, and it only serves to make an unstable environment even more unstable. That's really the moral of the story. Maria happens to be the person doing it, but if it weren't her, it would be somebody else.

To: Jerry Olson who wrote (107321)	3/4/1999 11:59:00 PM
From: Sig	Read Replies (3) \| Respond to of 176387

Hi Jerry: <<< DELL had good support at 77 which was a double bottom sell signal..it<<< printed 84 today for a new buy signal..it must clear 89 for any meaningful move up..i feel 90 would the top for now...if it gets there!!!..in P&F speak..."when it crashed and burned" we call that a "low pole"...usually stocks that are going to reverse up retrace 50% of that move...90 would be that number.>>>> I concur with those figures. Looking at historic Dell price data for past 6 months and cutting the typical growth in half indicates Dell should be at 85 to 90 today. If it kept the old growth rate, would be 95 to ~100. So at $81 it appears under valued. Near term is tough, more like your job, but it should stay around 43 to 48 until the run up to May earnings at about $65. <<<On the downside after the split...74-75 would be real trouble imo..>>> We've been to 78 already, should be able to handle a few down spikes, although I don't expect them. <<<Long termers of course will hold...traders should exit around 89-90 if we get there..>>> Sounds like good plan. It could change things for the better if the analysts would stop kicking the techs around. But there are 34 rating Dell now and Dell attracts bears like a honey tree. If those 11 who rate Dell a 'hold' had only bought it 1996. Or 1997. Or 1998. Ohhhhhhhhhhhhhhhh. Sad Good luck Sig