Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jonathan Cleveland who wrote (128590)	5/25/1999 5:20:00 PM
From: D.J.Smyth	Respond to of 176387

Jon, support range is $34 to $35. breaks $34, next is $30. It needs a convincing bounce. todays issue of InvestmentNews (May 24) has an article about last Friday's Investment Co Institute general membership meeting in Washington attended by 2000 mutual mund executives. Putnam chief, Lasser, stated the mutual fund industry is plauged by lack of talent in managing mutual funds. "It's unimaginable to me there are 8,500 competent investment managers out in the world." The problem is likely to become apparent, he said, when the stock market turns (down). And Bridget Macaskill, CEO of OppenheimerFunds, agreed with him. So, here we have it. Incompetunt mutual fund managers selling their winners and buying microcaps (the only thing up). What else? Raising liquidity in an already liquid market seems odd behavior. In other words, if those who are managing our mutual fund monies are incompetent, and 80% of the small investor is incompetent, where does that leave the market? Run by incompetents. These folks alluded to the situation where mutual fund managers can't properly read balance sheets and predict direction, and/or they trade only one side of the market. Geez, these guys must be really, really smart to point this out.

To: Jonathan Cleveland who wrote (128590)	5/25/1999 6:12:00 PM
From: Boplicity	Respond to of 176387

triple bottom also, DELL is at the same level that it was on around 9/28/98, the stock is gone nowhere and is going nowhere.. If you are looking to trade trade it.. Greg

To: Jonathan Cleveland who wrote (128590)	5/25/1999 6:26:00 PM
From: Eric P	Read Replies (1) \| Respond to of 176387

Jonathan: Does anybody agree with me that there is support at 35. Double Bottom. The july 40 calls look good so do the June 35/40. Any thoughts would be appreciated. I agree that there was good support at 35. Watching DELL today, I noticed the stock bounced off of the 35 support at around 10 AM and went back up. Later in the day, it came back down and bounced off of 35 again before 3 PM. Finally, after 3 PM, I noticed something I have absolutely never seen on Level II before: The combined size of all bidders at the inside bid of 35 totaled over 700,000 shares. For the next 45 minutes, this strong support level and 700,000 shares held the market from breaking below 35. However, slowly the selling bore through the size on the bid. Finally, at about 3:50 PM, the last of the bids at 35 were taken out and the stock steadily dropped to 34 1/2 by the close. I think the support at 35 is gone and feel very confident that we will see 33 before we see 36. Good luck, -Eric