It would be interesting if Apple would ever let Dell make computers for them in these emerging markets only as a final coup before Job's retires someday.

Can you please post a link to Stockmans site? Many thanks!

currrencies are moving alot this morning. Yen has just reversed yesterdays spike in first two hours. Wonder if carry trade is speeding up.

Both dell, msft and intc are three that I will be watching for long entries. Michel Dell has been quite good at timing his buys/sells in his company, will see if it works this time. With the new group of multi-processor machines coming to production and the new operating system to use them a new pruchasing cycle could start but the most important factor will be if the consumer will upgrade at a decent rate IMHO.

Andy

Stockman,

Thanks for the analysis.

As you may recall, I posted a few trade ideas with detailed reasoning in the hopes of getting others to do the same AND to use what Bill teaches to show others how to apply said teachings. These trades all worked out extremely well (probably because the only trade ideas that I posted were highest probability trades - don't want to look bad do we?).

I will try to post the next good trade idea I have using Bill's teachings. I hope others do the same. Hopefully, I will get comments to learn from others. That's what this blog is about, learning how to fish.

Thanks again.

Stockman,

Thanks for the analysis.

As you may recall, I posted a few trade ideas with detailed reasoning in the hopes of getting others to do the same AND to use what Bill teaches to show others how to apply said teachings. These trades all worked out extremely well (probably because the only trade ideas that I posted were highest probability trades - don't want to look bad do we?).

I will try to post the next good trade idea I have using Bill's teachings. I hope others do the same. Hopefully, I will get comments to learn from others. That's what this blog is about, learning how to fish.

Thanks again.

BTW, I'm on a Dell now.

From Insider Score-

Chairman Buying: With shares of Dell (DELL) hovering near a multi-year low, the PC maker's namesake founder has stepped up and purchased more than $70M worth of stock. Dell's purchase is the largest by any corporate insider, at any company, in at least three years.

Michael Dell, the 41-year-old founder of DELL, bought 2.9195M shares at $23.99 on May 24th. As a result of the purchase, Dell now controls over 245.67M shares, or just over a 10% stake in the company he launched in 1984. Dell's holdings include about 26.45M shares held by his wife, 95.6K shares held in a retirement account, and just under 3M shares held by a trust.

Last week's purchase by Dell was his first open market buy on record, though in January, he did exercise options on 8.4M shares and hold the stock. Ahead of the share exercise, Dell sold more than 62.1M shares on the open market from August 2003 through November 2004. Dell's purchase was also the first by any company insider since August 2004, and counters a trend that has seen insiders sell or exercise and sell more than $2.5B in stock since July 2003.

Shares of DELL fell to a three-year low of $23.60 on May 17th, a day before the company reported fiscal first-quarter 2007 (for the period ended May 5th, 2006) results. For Q1, DELL reported earnings of $762M, or 33 cents per share, down from $934M, or 37 cents per share, a year earlier. Sales rose a little more than 6% to $14.2B, and gross margin came in at 17.4%, down year over year from 17.8%. DELL had already lowered its earnings estimates, and the results came in below analysts' original expectations of 38 cents per share in earnings on revenue of $14.5B.

DELL's latest showing continued a trend of poor results for the company, which is facing intense competition from a reinvigorated Hewlett-Packard (HPQ). Kevin Rollins, who replaced Michael Dell as chief executive officer two years ago, shouldered some of the blame for the company's current woes.

"The market intensified more than we understood or acknowledged," Rollins said on a conference call. "Some of our competitors were stronger than we thought, selling prices declined more rapidly in transactional space, customers are more concerned about service and support. We have laid out a strategy that would address these areas."

Analysts were mixed on the outlook for DELL following the company's earnings announcement. Credit Suisse downgraded the stock from "outperform" to "neutral" and cut its target on the name from $28 to $24, saying that "[DELL's] business model is not broken, rather the company's product, customer, and geographic mix leave it disadvantaged at this stage in the cycle, while also facing significantly improved competition." At Needham, analysts downgraded DELL from "buy" to "hold," saying that the company's "plan to restore profitable growth through more aggressive pricing and spending will translate into lower earnings than year-ago levels." Needham was positive about the company's plans, but the analysts don't believe that the stock will begin to outperform until later this year, or perhaps until fiscal 2008. Meanwhile, First Albany downgraded DELL from "buy" to "neutral" this morning saying that the IT market is shifting "towards mobility."

On the bullish side of the spectrum, Citigroup upgraded the stock from "sell" to "hold," citing valuation, and Friedman Billings also upgraded DELL from "market perform" to "outperform," raising its price target from $31 to $35. Analysts at the latter firm believe that DELL's server and storage sales should "unfreeze" in the next few weeks with the launch of a new product line and that PC sales should pick up with back-to-school season and then again following Microsoft's (MSFT) launch of its new Vista operating system.

Worth Noting: DELL has been busy repurchasing stock, buying back 444M shares for $15.1B since the beginning of fiscal 2004 (February 2003). Last quarter, DELL spent $1.7B to buy back 58M shares.

DELL's latest earnings announcement included two significant announcements. For starters, the company will no longer give guidance, which is probably best considering it has either missed or, in midstream, lowered its guidance several times over the past few years. Second, the company said it will use chips from Advanced Micro Devices (AMD) in some of its servers, news that sent AMD shares higher. Last week, DELL announced a partnership with Google (GOOG) to include the search giant's software on new PCs. This time, the news gave DELL shares a boost.

Excluding any transaction costs, the purchase cost Dell $70,038,805.00, making it the largest open market stock purchase by any corporate insider since July 2003, when new Securities and Exchange Commission regulations required insiders to electronically file Form 4s (disclosing stock buys or sells).

*bump*

Dell down 2% or so today (to $22.92 currently) on the UBS estimate reduction (dropped their target price to $24 from $26).

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bEF8E164F-1FC5-43FF-9061-95F9C3E24354%7d&siteid=yhoo&dist=yhoo

Monthly and weekly RSIs are now (barely) south of 30, with the daily RSI just above that level.

I read somewhere that there's never a reason to buy a stock making a new 52 week low, as Dell is, but it does look interesting at these levels.