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Technology Stocks : Dell Technologies Inc.

DELL 129.98

-6.2%

Dec 12 9:30 AM EST

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To: Geoff Nunn who wrote (23171)	11/25/1997 5:21:00 PM
From: James Choi	Read Replies (3) of 176387

<<James, I see a problem in the following argument:>> One needs to see the recent history to find out exactly how these events unfold. At first it was DRAM. Right now as we speak Disk Drives are being decimated in spite of the fact that they are getting cheaper components because Fujitsu is selling the drive itself. With the currency being devalued, these Asian manufacturers do not have to dump. They can actually sell at a profit yet undercut the US producer's cost. The ever widening trade gap of recent months attests to that. Every argument that is being used in favor of box makers has been used for disk drive makers. Another bank, although a small one, failed in Japan. About 80% of all commercial banks in Korea are expected to go out of business one way or another soon. The cloud is approaching. The only way to beat the big guys is by being one step ahead of them. I am shorting on peak these days. I think that strategy will work until Korea finalizes a new economy under IMF supervison. Until then, there will be all sorts of unsettling news that leaks out in spite of "all is going well" government standard line. It will take a few months at least before Korea's dust will settle. I would like to thank all Dell bulls for raising the price during the day today. I did not know I could ride down the same stock twice a day. Good talking to you all. And I wish you good earnings and prospects since all of you seem to be very concerned about that. If you feel like, wish me good profit because that's all I care. Until next time. James Choi

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