Chuzz- Thank you for the compliment....Actually, you are right...<g> that post was basically what you, JLeon, and some others have frequently posted, just packaged differently....I think, though, it is very important to remind oneself of this metric, ad nauseum....it is one of the most powerful reasons, IMO, to remain long....
A little more number crunching- (Taken out of DJCart'book)
DECLINE FROM HIGHS (RECENT ALL TIME HIGH- TODAY'S CLOSE)
Nasdaq composite- (2028 (Intraday)-1575) -22.3%
Nasdaq composite- (2018 (Close)-1575) -21.9%
Gateway- (68.75-46.45) -32.44
Lucent- (108.5-77.25) -28.80
Compaq- (38?-29.94)* -21.20
Dell- (129.38-108.38) -16.23
Microsoft (119.62-101.25) -15.36
Cisco- (105.25-90) -14.49
* Don't know the EXACT high for CPQ in last few months...other number may be off a couple of hundreds......
The Internet highflyers (AOL, Amazon, Yahoo) are all better than 30% down from there highs...or thereabouts....
Point being, that despite yesterday's sensational headlines...Dell has fared better (during this decline) than all others (big-caps, technology)....If I may extrapolate from this table, I believe Dell has "closed the gap" on Microsoft and Cisco (as far as investment confidence in the "stability" of the company's prospects.....but Cisco and Microsoft are still considered the BIG TWO premier "tech" companies...I think, given Microsoft's slowing earnings, Dell will be alone with Cisco soon)...
Not that the numbers listed above are all that important to you or me, Chuzz, but hopefully, this matrix should provide some confort to those on the thread who are concerned about Dell's short-term price movements....
Finally, we sure were right about Peoplesoft, eh? Thanks so much for your help (couldn't have done it without you)....I actually getting pretty good at this <g> |
