Dell has a high beta, so is sensitive to market conditions, that's why its options offer so much opportunity. Dell's range today was $2.80, after the downgap. Strong support at 105. I bought more.
The market may freefall, the real panic may be ahead. This has nothing to do with Dell, just means better buys ahead. The real issue: Where will Dell be a year from now? 5 years? Will Dell interrupt its growth trajectory? [+9,200% in 60 months] I'll settle for 25% of that in the next 5 years: = $2,350/share.
The frights in the night about competition: sub $1,000, etc. Unless one requires Dell to operate in a competitive vacuum, selling without challenge, this is the regular environment of a free enterprise system. I've lived there my whole life, survived, and like it. So does Michael!
The best business brains in this industry live in Round Rock. They think of the future constantly and I'm persuaded have plans B, C, D, thru X, Y, Z.
jhg in kc, you're absolutely right! it was a heroic day for Dell! More are coming!
Let us not pray: "Grant me patience, RIGHT NOW!"
Don
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