I agree...there's lots of selling in this area.. most every time that Dell has reached this area before it seems to drop back down again..... I'm betting it will do it again as I established a short position at $88.50 this AM. I'm thinking Dell could test $80 again within the next couple of weeks then I'LL COVER MY SHORT POSITION AND GO LONG AGAIN!!!
I am short several stocks.In my opinon shorting Dell now would not be wise.Earnings are a LOCK. Don't get hurt here.I have had both long &shorts on DELL in the past.Iam going to buy my FEB 75 put back on the third day of a 90 + close.THen sell a 85 put.
Intel just released very strong earnings. 98 cents on expectations of 90-92 cents. There will be a rally in techs! Intel strongly effects our market, I think (maybe in error) that Intel started this whole mess with poor earnings last quarter. This will turn the techs around provided no big hiccups in Asia.
Dell has recently announced price cuts...this concerns me because it alerts me to the fact demand is starting to slow.....If demand was so great; prices would be rising not falling.....what is the deal here anyway?