Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 147.83

+0.8%

9:49 AM EST

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To: Candle stick who wrote (542)	7/30/1997 8:33:00 PM
From: MRE	of 1124

>Right off the top of my head I would cite Micron and IBM...which were both industry leaders that took severe falls (remember when IBM fell from 160 into the 40's?)....lets see...how about Wang labs (remember them!)< Which of those were growing at anything near Dell's growth? I can see shorting a company that is failing, low or no growth, losing to competitors, selling a product that others offer cheaper. But that is a wholly different reason to short a company than merely because of high valuation. Dell has none of the troubles that those companies face. The only reason to short Dell is strictly because it is overvalued; but when has a companies stock fallen hard solely because of overvaluation rather than some fundamental change in the company's growth? Again, I can only think of Iomega and its P/E was much higher. >with a near 50 P/E, one disappointment from DELL and you will see the stock halved,< With all the bets out there to be made on the market, betting that Dell is going to disappoint has to be one of the worst. If you must short term trade it seems much more profitable to just buy on the dips and take profits after it goes up a few points in a day or two.

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