To Eddie and Chuzz:
Eddie: While your pts. are true in general, I think we now have more evidence than not that Dell has been moving down with the general market and other PC makers during the past two weeks, and not just purely on Dell-specific news. I don't think it is logical to speculate otherwise (at this point)...it (the counterargument) is a less supportable argument than mine. I'll close my position at that.
Oh...concerning my comment about Dell dropping 16%....let's just say nothing goes straight up forever......in the stock market, at least!
Chuzz:
<<I should have known that I would get nailed by our resident financial analyst..ggg>>
In doing my research for Dell, I have seen this figure (Beta: 1.9)
posted on a couple sites. Don't remember which ones. By general definition, this would have to mean Dell vs. a broader index (in this case, I take it, the Nasdaq)...I have put a little thought into this figure since I first saw it, and, after looking at past price movements, I have found it a pretty decent guide (on the downside) ie., it has appeared (to me, at least) that in a big down day, or more importantly, a sustained downmove on the Nasdaq, this 1.9 holds up pretty well.........So, statistically speaking, I can not say exactly over what timeframe...
Now, statistically, this 1.9 does not hold up on the upside (Dell has far exceeded that), but I am confortable using it on the downside as a general measure.....one of many measures (quant/qualitative) that I use in my rational in buying/selling/holding Dell (and other stocks). Maybe not the perfect way to do it, but is my way, and makes sense to me.....Would openly accept arguments your (or any) arguments that I am wrong on this one....(always looking to improve my analysis)...
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