Ah Luke- (I say that like Seinfeld says "Newman"! My teeth are clinched) <g>
<DELL has topped out. The action in the stock over the last 3 days
confirmed it. Heavy vol on the down days and a classic double top. >
Over these many months, you seem to use TA when it supports your arguments, and drop it when it does not....Several TA's have come on the Bull thread and said that recent movements supported the stock going significantly HIGHER. Who to believe? (Them or you <g>) If someone wants to use TA to invest long-term, be by guest, personally, I don't see it as very helpful....
<This tells you that many own this stock at
VERY low prices. These holders won't hesitate to dump it...>
What? Logically, long-term holders have been increasingly rewarded time and time again for holding long-term, and neglected any dips in the stock....More than ever, there are an increasing number of Dell shareholders who can tell the story about "the one time I sold Dell, and it rose anyway, and I had to buy it back at much higher levels"...Let's face it, Luke, it would take a major breakdown in the stock, similar to Micron's swoon, to scare long-term holders into selling the stock....As Dell's last quarterly report shows (and as Chuzzlewit likes to say)...This company has NO PROBLEMS (I guess one could argue that the need to hire 200 people a week represents a problem!)..Granted, Dell can not afford fall asleep at the wheel, either...But there is no evidence that they are, or will do so....There is much more evidence to support that their flawless execution will remain quite high, vs. any sort of breakdown.
I know you are predicting Dell to breakdown similiar to Micron a couple years back...This is because using the two as a comparison, and you (falsely) see PC's as pure commodities...As long as you believe this (and invest based on this), you will be losing money...
Micron/Dell, the comparison is a terrible one.
<<If you're smart, you'll take your profits. >>
No way, Jose...
<<The ride to 40 (presplit of course!) will be painful for many die-hard L-T holders.>>
Keep plugging away with the emotional scare tactics, Luke...someone, somewhere may sell based on it!
Good luck with the REST of your investments, my (usually polite) arch-enemy (said in jest!) |
