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Technology Stocks : Dell Technologies Inc.
DELL 133.20+5.7%Nov 26 3:59 PM EST

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To: Mr. Aloha who wrote (44247)5/22/1998 1:11:00 AM
From: Greg Jung  Read Replies (1) of 176387
 
Aloha, its not the fundamentals its just too expensive.

Unless you thought the earnings were to increase by 50% for the
next two years. Does anyone feel right driving a car while
facing to the rear? It may work for a while (fun also to kill the lights at 60 MPH on a dark lonely highway) but the fear overtakes
you.
I would have no problem buying Dell if I were confident it
could indefinitely increase earnings at the rate it has been. Its sales are now about 8% of entire computer industry, and these
machines are getting cheaper and they carry a three year warranty.
Same story for a few years now, yet Dell has found a way to pull
the rabbit out of the hat. And this situation was not caused by
the earnings (which were blow out) but just by a bit of rational
thought. 7 months ago this stock was extremely high-priced at 1/2 the cost it is today. I don't know where I'd begin to buy it, but
at the time it gets to my price there will be plenty of other competition.

Greg
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