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Technology Stocks : Dell Technologies Inc.
DELL 114.44-3.4%Jan 30 9:30 AM EST
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To: Venkie who wrote (19006)10/24/1997 1:13:00 PM
From: Chuzzlewit  Read Replies (2) of 176388
 
Venkie and others. Try to put all of this in perspective. Do you remember where the stock price was in early July? It was about $72. As I write this the price is about $91. That's a gain of about 26%, or if you annualized it you would have an appreciation rate of 150%!. Clearly, it is unreasonable to expect those kinds of gains to persist. I've repeatedly commented about the euphoria on this thread. It's dangerous because it leads to unreasonable expectations, and when those expectations are not met it leads to despair. This kind of manic reaction to day to day price movements can lead to very poor decision making.

The runup in DELL's prices could have one of two consequences: either the price of the stock would remain stganant for a considerable period of time, or the price could take the sudden drop we've seen. Since I'm not a believer in market timing I chose to remain invested in this great company in spite of the short-term risks. The McNabb's and others chose the alternate strategy, and they may be big winners short-term. But those of us to choose not to panic will also be big winners if we maintain our positions long term. I for one would be thrilled to rack in 35% gains annually in my portfolio, and DELL still fits that profile.

Regards, and good luck to all.

Paul
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