To: JPR
From: kemble s. matter
Sunday, May 24 1998 11:35AM ET
JPR,
Hi!!!!!! Guess you do know me....<<gggg>>> If it comforts you I am just about in the same situation as you are.........BUT, A VERY INSIGNIFICANT ONE IF YOU ARE LONG AND DON'T PANIC....patience...PATIENCE IS THE NAME OF MY PORTFOLIO....
1. Think of what you have made prior to this sell off...
2. Think of what you will miss if you sell.....
3. I believe this is a short time thing...I am prepared to wait it out since Dell is not going away soon and the future of this company IMO is in the infancy....
4. I preach Rip Van Winkle........now, Do it.....sleep and forget about those "games" that I refer to....screw them....you will be the winner when their patience erodes....think about that...strongly think about that...do you like losing...????? The MM's are counting on you being a loser.....stay safe with the margin in case of a correction...but, if you are LONG....hey,,,,,,,Dell is going to the moon and we all know it.... hope that helps.........oooooooh....If you haven't read it by now...I posted it to Venkie....I bought more friday....IMO this price is a buying opportunity...
Best, Kemble
The above post was edited to protect privacy
Kemble: Thanks for your advice. I am that much richer. Actually I bought more DELL after your advice. Patience .....that is in very short supply. After you wrote to me DELL went down to $81.00 closing, on 06-15-98. Kept the faith.... Now above $106. $25 appreciation in less than in one month....Something to celebrate. THANKS
JPR |
