Hey Patrick
A couple of comments. As you may remember, I have been around this thread for the last year and half. I however choose to read more than respond. I already have a 10 bagger with DELL (Initial and largest investment made August of 1996) where my initial price paid on DELL, split adjusted equals approx. $9.25. I have never sold 1 share since I first purchased, and I have continued to purchase for the last 2 years. My Father, Mother, Mother In-Law (Thought if I made her some money, she'd get off my back :-)), Wife and Sister have all invested and been real happy. However, for the first time ever, I feel that DELL may have gotten ahead of itself. Even though I believe that this stock will be higher by Feb-March of 1999, I really believe it has gotten to levels that, for the short term it can't sustain. I also believe that without this tremendous rise in the last month or so, earnings in the $0.44 to $0.48 range would have been huge. However, because of the latest climb, anything below $0.50 will not be considered enough in my opinion and the stock may not react favorably.
I hope I'm wrong because I'm still not selling, but I normally have a good feeling about stocks and this is the first time I haven't been 100% sure on DELL.
Good Investing to all.
Chaz
PS My earnings estimate is $0.46 with a 2 for 1 split announcement to be ratified at the next annual meeting. |
