Dude, you're getting some Dell
Okay, Okay, that was cheesy. I hated those commercials just as much as you.
Down 50% in two months? Sign me up to start a position. I understand that the downtrend might not be over, but I'm certainly comfortable with starting a position and averaging down, should it be necessary. Actually, I'm not going all in so happy if it falls more but a sideways trend when you are spacing out your purchases is preferable.
From a technical standpoint on the yearly chart, Dell is currently 30% below the 20-day MA. Back in May 2024 when Dell peaked, it was 30% above the 20-day. It pulled back quickly after earnings to hover around the 20-day. For the most part, it does not like to drive too far away from the 20-day.
Also, currently below the 200-day MA which is cause for concern, but again, starting a position with the understanding that tougher roads might be ahead. However, this thing may trade sideways or go back up after earnings (8/30).
Fundamentally, I'm not going to steal snap shots from analyst reports, but this is a solid company with a recent 50% drop. These are the types of opportunities I look for as I believe this is an overreaction to the overall market.
Dude, I'm buying some Dell.
I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained in this post is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Down 50% in two months? Sign me up to start a position. I understand that the downtrend might not be over, but I'm certainly comfortable with starting a position and averaging down, should it be necessary. Actually, I'm not going all in so happy if it falls more but a sideways trend when you are spacing out your purchases is preferable.
From a technical standpoint on the yearly chart, Dell is currently 30% below the 20-day MA. Back in May 2024 when Dell peaked, it was 30% above the 20-day. It pulled back quickly after earnings to hover around the 20-day. For the most part, it does not like to drive too far away from the 20-day.
Also, currently below the 200-day MA which is cause for concern, but again, starting a position with the understanding that tougher roads might be ahead. However, this thing may trade sideways or go back up after earnings (8/30).
Fundamentally, I'm not going to steal snap shots from analyst reports, but this is a solid company with a recent 50% drop. These are the types of opportunities I look for as I believe this is an overreaction to the overall market.
Dude, I'm buying some Dell.
I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained in this post is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
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