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Technology Stocks : DELL Bear Thread

DELL 127.22

+3.8%

3:59 PM EST

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To: Hal Rubel who wrote (1220)	7/17/1998 6:19:00 PM
From: Lucretius	Read Replies (1) of 2578

Hal, I am probably not the best to ask on DELL since I am a bear. However, I do expect DELL to rally nominally for the next two weeks, then I think it is over. So my advice would be leave your money in your bank acct. or better yet buy some puts on this bloated cow. When I look at the following: a multiple of 70+x earnings, a mkt cap of 80 billion (a mkt cap of well over the total of 1/2 the total PC sales in the WORLD), prices dropping on high end machines, these machines are a commodity (plastic boxes w/ chips), and economies are slowing all around the world. It is not a matter of if, but when this POS implodes on itself. However, if you are gutsy, it will probably go parabolic from here so play the upside if you are nimble. I sold some calls today that I bought a couple weeks ago (400% profit-- it is insane but I guess I can't complain? except for the taxes). -Lucretius

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