Dell update

dell feb 2012Dell s feb 2012

Back in August of 2009 (see previous blog) we recommended the purchase of with a target well into the twenties. Today we would suggest selling the stock now and taking a 40%+ gain over roughly 18 months. The reason, in simple terms, is that the stock had a “thrust” up from a pattern that looks suspiciously like a triangle, moreover the thrust is pretty well equal to the mouth of the triangle and the top is reached perpendicularly above the apex. What more can you ask for. Thrusts, which are 5th or c waves are, almost without exception retraced right down to the lowest point of the triangle, about $13.50, so why stick around?