Life Left in Shares of Dell Inc (NASDAQ: DELL) Says Market Timer Frank Kollar
April 28, 2009 (FinancialWire) (By Frank Kollar)
Shares of Dell Inc (NASDAQ: DELL) have not exactly been a favorite of investors over the past few years, losing over 75% in share value from their 2005 highs as of February of this year.
But a company that has fallen so far, yet still has such a huge share of the PC market, needs to be continually watched because there is still potential for substantial gains.
Much of Dell’s problem is due to the contracting economy but the economy moves in cycles and eventually there is an upside. Plus, Dell’s products wear out. That is just a fact of life. They have to eventually be replaced.
Since bottoming in February, shares of Dell have been slowing rising, gaining some 38% from their lows.
We are looking for shares to reach $16.75 a share in coming months. Not in a direct line, but also not declining back to their lows. That is a lot of potential upside ahead for Dell.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Dell.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
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