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Technology Stocks : Dell Technologies Inc.
DELL 122.46-8.5%3:59 PM EST

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To: Jim Patterson who wrote (50620)7/10/1998 1:45:00 PM
From: GrahamnDodds  Read Replies (4) of 176387
 
Jim, I couldn't agree with you more. Most of these Dell players are so caught up in the euphoria of the momement that they have lost the concept of getting value for their dollar. It is quite obvious that Dell is an excellnt company but only at the right price. Preservation of capital should be foremost in the minds of investors, but at a pe of 60+ where is that margin of safety. Sure this stock can continue to move up for a time but somewhere when the growth slows just a little these long position holders are gonna get clobbered! Fantastic performance is already built into this stock, anything less will be devastsating. And you long holders don't think for one second that you will be able to make a pre emptive sell. This thing will drop like a rock as soon as the sentiment changes, but by then it will be to late!
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