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Technology Stocks : Dell Technologies Inc.
DELL 133.35+0.1%Nov 28 9:30 AM EST

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To: SpongeBrain who wrote (132520)6/12/1999 5:52:00 PM
From: Meathead  Read Replies (6) of 176387
 
Re: . I surprised people would bother w/ stocks that may move 100% a year, when they can do that in a fraction of the time with faster more volatile stocks.

With that kind of easy money attitude, I'll bet you haven't
been around long enough to get burned 100% to the downside
in some of these volatile issues. You talk like these internet
issues are guaranteed to move in the direction you place
your bet. You can and will eventually get badly burned
if you play with high risk issues because it is, in it's purest
sense, 'gambling' and the house usually wins.

Here is something to help you understand why people 'bother'
with these so called 'old timer' stocks.

People analyze stodgy blue chips because they have millions
to invest, not tens of thousands. Seasoned pros know that
over the long haul, 20% per year is an amazing feat and
difficult to achieve.

That's why companies like Dell are important. They are huge
and are leaders in their industry and won't go down the tubes like 90% of the unproven internet companies eventually will. They have the potential to appreciate greater than 20% per year and perform better than the SP500.

It's all about risk vs. reward. The big money of a veteran investor
doesn't need to be subjected to excessive risk. Small time traders
are drawn in to high risk issues by the allure of a quick score.
Sadly, when winnings mount, greed overwhelms and they keep upping
the ante by margining. They are always one bad call away from losing
it all.

IMO, it's the day trader/easy money mentality that will eventually
ruin this market. Any yahoo with a modem and an eTrade account
can flip stocks in the world's biggest casino... and they are
usually gambling with borrowed money! I N S A N E.

MEATHEAD
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