Mohan- I'm with you, buddy...
Emotion works both ways in the market. We Dellheads have benefited from it in the past, and now we are getting hurt a little by it.
What is more interesting to me is the amount of commentators, writers consistently talking/writing about Dell as one of the three (four?) big generals of the tech stock brigade (the first three, of course, being Cisco, Microsoft....and some include Intel, although I find that hard to believe based on the stock's performance over the last year or so)...Anyway, after this last earnings announcement, it looks like Dell solidified its reputation among a large group of these "so-called" commentators/writers.....I did not hear such (widespread) praise of Dell before...many were more likely to commentate about its "high-flying" nature....So, if one wants to look at one bright cloud out of all of this....It is that Dell is pretty firmly entrenched as one of the (few) elite in the tech world...I think it will serve the stock well in the coming time...
Mohan, I am very sure that the (investment) world is not ending...Soon, the market will do a better job of sorting those companies that have (understated) value, and those that do not...
As I posted earlier, I think all but the top internet plays will struggle to claw their way back up....Also, I would not want to own Coke or Gillette right now....But Dell, a different story.....Anyone who would take the time to research the company would know that...
I even saw Michael Murphy (Cal STocks Newsletter) make the case for Dell today...and just two weeks ago (when Dell was at 109) and about to announce earnings, he was pretty apathetic about it.....This last earnings report opened some eyes I think, his among them...
We Dellheads knew the truth already. Hang tight. |
