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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (5012)8/28/1997 4:21:00 PM
From: Joss   of 9285
 
Hi Roger,

Dell is located in my home town and I have some knowledge of the company. Its spectular growth in the last 18 months has run over a number of shorts. Having said that, look at the chart to which I have provided a link -- I can't remember ever seeing anything like it. Notice that p/e is graphed below. This run is largely expanding multiples. Again, it is a good company but exponential expansion is not sustainable.

bigcharts.com

Steve
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