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Technology Stocks : Dell Technologies Inc.

DELL 117.44

-1.6%

3:59 PM EST

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To: Venkie who wrote (41521)	5/12/1998 10:22:00 AM
From: Lucretius	Read Replies (3) of 176387

Look at it from this perspective. If you loved DELL (which you do) and just knew the mkt was undervaluing it last Oct when it was dropping. Wouldn't you average into your position all the way down even if you thought it would reach 35 or so at the absolute bottom? I have been building a put LEAP position since this stock was in the high 60's. I know this mania will end badly, I just don't know exactly when, so I average in. I pulled 100 out of the air as a stopping point. That's about all you can do w/ this stock. It doesn't follow the fundimentals, but it will eventually. My bet is sooner rather than later. I have outlined my fundimental reasons for this stock to come down previously on this thread. My information that I'm receiving has not changed. this qtr will be great for DELL, but that and MORE is already in the stock. It is the future that doesn't look so bright for DELL or this mkt. Feel free to hold at these bloated levels (although I think your risking 50 to 70 pts to the downside for about 10 to the upside?) , but PLEASE don't commit the cardinal sin and buy all the way back down. I'd feel bad :( -Lucretius

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