Ashley-
Welcome to the thread.
I don't know if you are new to investing in technology stocks, but if you are, get use to some volatility. Whatever you do, don't buy like a long-term investor, and sell like a short-term one....The next month/six weeks could be interesting.....Dell's recent weakness (in the last few days) has nothing to do with the fundamentals, though, and, although I haven't followed Dell as long as others on the thread, I think we (longs) all agree that Dell is executing as well as ever, and, fundamentally is in a stronger position than ever to realise huge growth rates going forward...
I read this in IBD yesterday. Another example of Dell realising a trend, and exploiting a trend before many others in its industry:
"Global commerce on the Internet is expected to increase more than 40-fold by 2002. (From $8 billion today to $333 billion in 2002)
.....About 80% of consumers who bought from Dell's Web site had never bought from the company before.....About 1/4 of Dell's online customers said that if not for the Web site, they wouldn't have bought!)
Internet sales-1997:
The travel industry (all companies): $800 million
Amazon.com: $ 148 million
Dell computer: $ Close to 1 billion
(and on target for $2 billion in 1998)
BTW- Did anyone see that goober from Dreyfus 3rd Century fund say on CNBC this afternoon that Dell was a hold, that some should take profits because Dell has a 50PE and a 25% GROWTH RATE! (How can we straighten this guy out?)
Good luck with all your investments... |
