Dell Shares on the Verge of Correction
Dell Technologies (DELL) is part of my personal stock portfolio since the early autumn of last year. I bought it in the first days of September, after breaking above a historical resistance of $60 per share, a great achievement for that time. However, Dell price already climbed by more than 20% in under a week before I turned my eyes to this rather new buying opportunity. Over the next five month, Dell added another 20% to its market value, yet it has not become a bellwether for the whole segment. The company's computer business is still probably feeling groovy amid several waves of AI madness, with high demand for AI-optimized servers, yet the stock started to show first signs of a possible price correction ahead of its nearest Q1 report, which is scheduled on February 27. The Ex-dividend date on January 22 is also a downside factor.
There was no particular fundamental reason for a sharp downside move, when Nokia and Dell Technologies announced their common partnership on deploying private 5G networks to adapt them to the cloud-focused data centre development, they said in a joint statement this Thursday. However, the Wall Street crowd somehow pushed Dell share price by 3.86% lower instead of using this fresh opportunity to push it further up. I prefer to turn more to the safe side with regard to the recent price moves through halving my stake in Dell Technologies at the moment. To take some profit from one's previous lucky decisions is no sin when an investor has doubts in the further dynamics of the particular stock, especially since many other AI-related parts of the portfolio continue their ascent to stardom. So, I just sold a half of my Dell shares, and I will review Dell stocks performance in March after getting a response from the crowd to Dell's Q1 report.
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