DELL

A

ARogueTrader

I am beginning to like DELL for longs.

We are now down nearly 15% from the highs, lots of profit taking, and testing the 32.50 area, which is a minor support.

Major support is around 31, and I suspect we get there.

However, I am going to take some initial positions in DELL, as I think they do very well in the second half of this year.

RSI and stochastics are reaching levels in which we typically see a decent bounce in DELL.

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Dell took a bath on Thursday and rebounded some what on Friday. I have nevere seen a company's balance sheet with all the green that Dell has. Based on the fundamentals, it would seem that Dell is worth $75 or more, but some reason the big money doesn't believe in it.
 
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