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Technology Stocks : Dell Technologies Inc.
DELL 125.97-1.0%Nov 25 3:59 PM EST

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To: John Koligman who wrote (19350)10/27/1997 10:56:00 PM
From: Mark Fowler  Read Replies (2) of 176387
 
I don't think the market is in termoil at all. The sharp sell off and being that a 500 point drop sounds like alot but on a percentage basis it's really just the normal couse for a bull market to correct 10 to 15% . Dell went down with the market and so did everything easle.

Dell now selling at 33X next yrs. earnings with a growth rate of 50 to 60% estimated for next yr., well I do not see any over valuation in this stock. In fact I'm going to buy in here soon . I think this stock and the market will turn, but will remain in a trading range .

My thinking with the economy being strong with low unemployment, low interest rates, low inflation, and good corporate earnings people how much better can it get. And this Asian thing is not going to affect corporate earnings as a whole that much. Well to much bad news today, as usual the press has got most spook to death. Hope you don't make that mistake and sell! Good night and sleep tight. I'm going to!
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