The Market Last Week
Will earnings season keep boosting the market higher? Friday’s unemployment report increases. Madoff family members are being sued for hundreds of millions. It’s October and time for caution, especially after this year’s run up since March.
My Stock Pick This Week
Is a large technology company who just bought another big technology company. Michael Dell bought Ross Perot’s company Perot Systems. I don’t know how the fundamentals will play out on Dell because of this, but Dell's stock chart currently looks good enough that it will, and that they have a chance of surviving these current economic times with their computer business. In case it doesn’t stick to stop-loss rules and buy back at cheaper prices later on.
Buy Long Dell Computer – Ticker DELL
Buy Entry: 14.60 to 15.25
Take Profit Areas: 15.70 to 16.60, 17.22 to 17.58, 17.86 to 18.22, 19.77 to 20.17
Dell Company Profile
Dell Inc., together with its subsidiaries, engages in the design, development, manufacture, marketing, sale, and support of computer systems and services worldwide. It offers desktop PCs and workstations; notebook computers; servers and networking products; and storage solutions, including storage area networks, network-attached storage, direct-attached storage, disk and tape backup systems, and removable disk backup. The company also offers third party software products, which comprise operating systems, business and office applications, anti-virus and related security software, and entertainment software; peripheral products, including software titles, printers, televisions, notebook accessories, networking and wireless products, digital cameras, power adapters, scanners, and other products; and displays, including flat panel monitors and projectors. In addition, it provides infrastructure consulting services, deployment services, asset recovery and recycling services, training services, support services, and managed services. Further, the company provides a range of financial services, including originating, collecting, and servicing customer receivables related to the purchase of Dell products; and financing alternatives, asset management services, and other customer financial services for business and consumer customers. Its customers comprise large corporate, government, healthcare, and education accounts, as well as small and medium businesses, and individual consumers. The company sells its products and services directly to customers through sales representatives, telephone-based sales, and online at dell.com, as well as through various indirect sales channels. It has a strategic alliance agreement with Perot Systems Corp., which provides integrated IT solutions. Dell Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
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