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Technology Stocks : Dell Technologies Inc.
DELL 120.49+0.7%3:59 PM EST
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To: Chuzzlewit who wrote (41555)5/12/1998 12:47:00 PM
From: Lucretius  Read Replies (2) of 176387
 
There was nothing incorrect about my advice, it was advise and thus subject to debate.

<<<Investing is when you put your money in a stock with the expectation of a large payback in the distant future.>>

This is interesting. I notice you said investing is when you put your money in "STOCK." This is not accurate.

Investing is buying something cheap and selling it later for a profit. There are PLENTY of other investments besides the US stockmarket that aren't so overpriced. You were brilliant for buying in the 60's and holding till now, but I think anyone buying here or not selling at these levels is "visionly challenged." Everything moves in cycles. Stocks haven't seen a bear in 25 yrs and haven't seen a bad bear in 60 yrs. 60% of US households now own stocks, the most in history. The mkt has not hit a new high (unless you count the DOW's 10 pts above its high) since I explained to you my so-called "dommsday" scenario. Coincidence? or was there something to those arguments that the mkt is now seeing, but you and your fellow DELL devotees are blind to see?
Adv/decline continues to deteriorate. New high/low looks terrible and peaked about a month ago. Interest rates continue to rise (I remember you laughing about that one too) Overvaluation and extreme optimism and speculation are still rampant. You make the call. I already have.

-Lucretius
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