John - Although I have seen arguments on this thread that do make sense, that is, if Dell can continue to grow faster than it's PE, it should do okay. But, you are also correct in that the market is somewhat fickle in the short term at least, so the question is, will the market continue to give us some PE contraction? I have a position in Compaq (recently added BA, INTC, and AMAT - all are doing nicely except CPQ), and bought it as it's PE is at the market multiple but it's growth is higher, but in the short run the stock hasn't been too hot either! I'm still waiting to see if we have any kind of XMAS run here, if we do I will most likely trade out of my CPQ position at that time. If not, I may trade out of it anyway!
John |
