Dell’s Retail Surge - DELL, HPQ

By TheWild1 at 3 January, 2008, 1:12 pm, Categories : Financial Markets

Apparently Dell (DELL) has finally decided to rid of its “exclusivity” role and start offering its products to more retail stores. Personally I have been wondering why they took so long to do this. I am pretty sure they lost many potential customers due to its lack of presence in retailers. It started with Walmart, and now working its way to Best Buy and Staples.

Because of Hewlett-Packard’s (HPQ) strong presense in retailers such as CompUSA, my whole house is filled with HP computers and notebooks that I probably wouldn’t have bought if Dell was there. It just makes sense to me that not everybody likes to buy expensive things online, and not everybody is “online savvy.”

So could this be the first step for Dell to retake its title as the number 1 PC maker? Who knows, but at least they are starting to make changes.

I am not really sold on Dell yet, but a possible Head and Shoulder pattern could be developing, so I would like to watch that and see what develops. If it pans out I like the stock at $25 with a cross of the neckline.

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Jonathan January 3, 2008

Looks like there was descent volume on that last candle(according to esignal) I think I would make a play over the top of the last candle, taking partials at resistance at 25.40 and exiting at the 50 SMA.

Nice reverse H&S.

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