Buiffalo Bob
<<<PS: Is there anyone on this thread that went through that (1993)correction and held on? >>>>
That was ages ago, very few of my local( Dana Point) neighbors
(all walks of life)had personal computers. Companies, banks, the VA and some small offices had computers. I had a couple of Ataris,and my schoolteacher neighbor had an Apple.
In 1993 I had 40 shares of Dell bought at $9 share. Tanking was not a problem,I had no thought whatever of making a fortune
or any idea as to how it would grow. Nobody else I knew owned any stock in Dell, some other stocks not doing well either.
Tankings of Oct 1997 and May of 1998 a whole different ball game.Lost a couple of "paper" houses there (there are some cheap houses left HEHEHE).But they all came back, one house back, two
houses forward.
NEVER SELL DELL unless you are a trader. It can be very discouraging when Dell is down for over a month and the Wall street bears are pointing out every negative fact they can find including the prognosis that the entire market will tank.
Kemble has it right, buy Dell whenever you have the cash.
It does not take much, my niece started with 5 shs, now has 40 shares.
The ideal situation would be to put it away in the attic,but
buying Leaps is a good alternative, history would indicate the next Dell tanking won't occur before September There is
no fixed optimum way to handle that unless one could time the market(
good luck)gg or know exactly how far it will drop.Many old Dell bears would still be alive today except for waiting for a preconceived drop of 20 points to 50 or 60 or 70.
Meanwhile every Dell bull is still alive and kicking $%%
Regards
Sig
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