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Technology Stocks : Dell Technologies Inc.

DELL 122.46

-8.5%

3:59 PM EST

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To: Mohan Marette who wrote (24621)	12/10/1997 11:47:00 AM
From: James H. Irwin	Read Replies (1) of 176387

With Compaq being downgraded by DLJ this morning and the further fact that everybody who has ever had a chance to buy DELL is probably already in the stock...many times the prudent position is to side step the stock. I fortunately got short DELL on a rebound off the 90 level at 90 13/16. Tech is currently dreck. Sure, DELL is a great company, makes a great product...I'm currently sending you this email on a DELL Latitude XPi 120 MHz machine I bought 3-4 years ago for $5k, I also just bought a P2 with 266MHz and 128 Mb RAM. But opinions about where the stock price is going is just that. Opinions lie, markets don't. I'm not saying that the sun is setting on DELL stock price performance. But as a short term player I'm just trying to play the trends (trend is your friend). I wish you good luck but until you see a base of a few days I would have a hard time telling any individuals that you just have to own DELL right here right now. No disrespect intended. Just trying to offer some of my experience in the markets (17 years, ex-institutional equity salesman). Bon Chance. Jim

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