Hi Gabriel, ...Re:<<What is important is if the market thinks that DELL is overvalued!
As Cramer so aptly puts it, we'd rather make money than be "right". Of course if "right" is judged by YTD or yearly % gains, then the argument is moot. Those that worry about valuation, PE, price/sales, etc. would have been out of the market 5000 points ago. This constant propensity to try to use historical valuation methods when technology and market valuation (share price) continue to point to non-standard, historically speaking, methods is getting tiresome. In the short time I've been a part of this thread, I've been amazed at the number of market timers or bears who show up here at earnings report time and after nice runups to tell us how ignorant we are about valuations, demand, PC price wars, and on and on. YTD or annual gains will determine who's "right".
Regards,
Lee |
