DELL
Sold 100 sh DELL @ 20.171
I am a little bit tired of (DELL: 12.59 +1.86%). It has done nothing from the day I bought it. I thought it will move a little bit, but it looks like it is on some kind of enchanted path around $20, so I decided to exit it. I sold it for a minimum loss (did not calculate the price correctly) , so I can’t enter the trade, it would trigger wash sale. I am giving it one month to prove itself.
Bought DELL at $20.01
Remember HP in 2004-2005? Job cuts all CEO problems? I usually do not pay that much attention to this stuff, but I know Michael Dell is back as CEO and they have started saving money. DELL is at the lowest price since July 2006 and it has been going downhill since 2005. It is time for a turnaround.
I must confess, I have always bought DELL PC’s or laptops. There were two exceptions: I bought HP PC for my in-laws, because they did not want to wait 2 weeks for DELL and I bought GATEWAY laptop for my parents, because it was the cheapest one I could find. I am not cheap. I know my mom will never use it, and my dad only uses it to read his newspaper. So buying something for under $500 does the job. I added to it 2GB RAM thou.
So I bought into DELL. I am using money from ZHNE and some from TOL. Short-term signal is OK, long-term shows buy.
