I cannot find anything about Dell at this
link, some help anyone.
stocksite.com
maybe the content at this address has already been
changed...
As far as being bearish on Dell...There are
plenty of things to short or put out there.
What I like about being bearish on Dell, having
considered Amazon and Microsoft and Excite, is
that it seems to be the business which is the
easiest to copy, the most difficult to defend,
and the most over-rated--of these four, very
overvalued stocks.
Most of these highfliers however will not turn down
until the market turns down--but at that time they
are probably likely to drop much faster than any
index.
We are probably anywhere from a few months to a
couple years from that inflection point. Still, with
these valuations it is tempting to throw some chump
change at a handful of puts etc.
For now I think it is too early to do any really
large bearish bets--the first couple scares
are likely to attract the buy-on-dip crowd.
I want to be there when all these newly rich
American boomers see the first statement from
Fidelity or Janus that shows they are finally
losing money. After the second statement or so
they will finally get scared.
Fear is a great motivator--you will see a lot
of "long-term investors" get on their fancy
PII's, log into their MF company, and cash
out in the wee hours of the morning before
Wall Street opens.
"Honey, I had a bad feeling about the market,
and, well, I couldn't sleep last night, so
I got up at 2am, made a ham sandwich, and
sold all our Mutual Funds".
ha ha he he
(Mike is sour grapes that Dell wont sell him
a cool PII-400 for a reasonable price;-)
Maybe I'll have to overclock a Celeron and
move my old cdrom, blaster and modem into a
new mainboard...)
Hey, why are Dell's too expensive anyway?
A: because there is a sucker born every minute. |
