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.
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.