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Technology Stocks : Dell Technologies Inc.
DELL 130.49+0.4%3:59 PM EST
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To: Lucretius who wrote (40668)5/6/1998 8:24:00 PM
From: Eric Ridley  Read Replies (1) of 176387
 
Hey Lucretius-

Here's what Cramer had to say today - Right on the money.

Boy am I getting sick of people who come on CNBC and say that stock prices
are cause for worry. Here's my take: Stock prices are always cause for
worry.

Think about it. Stock prices were absurdly high in 1984 versus the recovery
then. They were ridiculously overvalued after the Gulf War, I mean like
that should have changed anything. They overshot where they should go by a
mile after Clinton got elected, because after all he is a Democrat. They
ramped much too much last year in light of 1996 earnings.

Enough is enough is enough. Certain stocks are overvalued. I spent the day
trying to get someone to write me a put on K-tel (KTEL:Nasdaq) so I could
blast that piece of garbage to kingdom come. Nobody will sell them to me.
Some of these faux-Internet stocks are leading-decliners-in-waiting. I want
to bet the big enchilada against some bogus bio-health care stocks that not
only have no cure for cancer, but have turned out to be misquoted baskets
of hope.

However, if I have to sit here and fret about the overall level of the
market and watch the futures rip through the market all day, I know that I
will be sidetracked by my main mission: looking for opportunity.
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