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Technology Stocks : Dell Technologies Inc.
DELL 122.55+4.4%Nov 21 9:30 AM EST

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To: SouthFloridaGuy who wrote (63162)9/2/1998 3:56:00 AM
From: JRH  Read Replies (3) of 176387
 
DELL will see $80 before $120, you can take that to the bank.

On what basis do you believe Dell will go to $80? To me, the downside risk in Dell, as in many other issues is mostly systematic (especially given Dell's last report). The NASDAQ is off 22% from its high. A price decline in Dell from 108.375 to 80 is a 27.2% decline, and given a beta of 1.8 would equal an additional 15% decline in the market (probably conservative). That would put the market down over 35% from its high.

However, at $80, I know I for one would be buying a bunch. And like Oct of last year, I would get it at a price which was associated not with lack in corporate fundamentals, but because of a very emotional and irrational market.

JRH
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