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Technology Stocks : Dell Technologies Inc.

DELL 122.70

+0.2%

Nov 18 3:59 PM EST

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To: Dennis who wrote (58435)	8/15/1998 5:31:00 PM
From: Frank Ellis Morris	Read Replies (1) of 176387

To Dennis, Stock bull and All, I share similar concerns that both stock bull and Dennis have? Although it is important for Dell to satisfy the expected quarterly earnings both whisper number and analyst expectation, we have to shoulder a major problem with the market forces.We have a serious problem folks and I am not going to sugar coat this anymore. Maybe Greenspan tilted the dumpster over the mountain but we have to agree that the internals of the markets have been breaking down for quite some time. If he had not started this downturn maybe someone else would have?? Of the 3000 mutual funds in existence more than 1090 of them are now in the red. The multinationals are feared that their corporate profits will not be able able to justify the high PE's. I do suspect that over the next few months we could witness a painful retreat of the Dow bringing the market down another 10% or more. Now let me share with you the benefit of all my years in the market of which is almost 30. We will weather through this somehow, someway. The crumbling and uncertainty of Asia, Russia and Timbucktoo will eventually look better. Historically there has never been a time over the long term when after a bear market which we are in now that the Dow has not trurned around and went up for a period of a few years. I have learned that timing the market does not work. I have never know anyone who has made a prolonged period of gains playing with options or taking risk. We should not be thinking of selling are moving to the side lines but truly think of pull backs as buying opportunities and if you do not have any more money, then just sit tight. There is no other game around that rewards the patient investor like the stock market does. The enviroment right now sucks. From time to time there will always be something that has traders and the MM's worried This weekend's edition of the Sunday Philadelphia Inquirer has in the financial pages a bold print saying Stock Prices Plunge. It is written in the biggest bold print stock the paper has. Folks when the media tells you the sky is falling and Dan Rather is trying to rattle you, it is time to stay cool and not panic. The newspapers waste too much time and space printing stock prices everyday. Our only concern is the price of our stocks when and only when we want to sell. Five and ten years from now I believe that the best managed companies and the leaders in their fields will be those that best reward its shareholders. We do need the market pull back. I predict that we will see the greatest bull market in history starting withing the next couple of years. Be patient, firm and long invested. There will be a tremendous growth potential in Technology and health care. Now if you really want to be concerned about something significant, I want to know how the hell that stain got on Monica's cocktail dress?? Bill Clinton said that he never told her to lie, I wonder if he told her to squat??(ggg) It will probably get a lot worse before it gets better but the market when it truly comes back will do so with a vegeance that you had better be invested or you will have missed the turn around. PS I don't have time to check the spelling errors Time for dinner Best Wishes to all and Stay calm We will make it through this together Sincerely Frank

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