You're trying to use logic on something that isn't being logical. The markets can stay irrational longer than you can stay solvent. Better play is to wait for bad news. After about 5 mins when the drop is done, buy in long and ride the prop job up. Then cash out, and wait for more bad news. We know the markets are being propped. We might as will use it to our advantage.
You're right,this market is due for a tank job sooner than later.Usually DELL signals the end of earnings season,and now the market should focus on the economy(yipes!).