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Technology Stocks : Dell Technologies Inc.
DELL 129.94-6.2%3:59 PM EST

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To: Mohan Marette who wrote (41237)5/10/1998 11:57:00 AM
From: Lucretius  Read Replies (6) of 176387
 
Hey, kids! Ya'll should be slapping each other on the back and thinking how smart you are for having 90% of your portfolio long DELL. Nice move for last week! The Tulips could still move higher.

Now let's look a little L-T. Looks like we are goiing to make that run on 100 that I have been talking about. Glad I waited to short, eh? Bought a few more puts on Fri as I continue to add a little to my position on the way up. At 100, I will make my final and majority of my put purchases. Then it will simply be a waiting game. After earnings, I expect this stock to lose at least 10% on the 20th. At the time, it will be explained away as profit taking, but it will just be the beginning.

Again, I urge those of you w/ VERY large positions of DELL relative to your portfolio to consider selling some or at least protecting w/ puts. DELL is in blowoff territory here. DON'T BE GREEDY! Relying on the greater fool theory is not a good investment strategy if you ask me. You will be punished for your greed. I knew many owners of US Robotics that just wouldn't let go a few yrs ago because the stock had always soared even though the valuation was NUTS. Those individuals are now very sorry they didn't dump it at the highs. Good Luck, kids!

-Lucretius
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