Stockbull,
I don't think that DELL needs more national exposure. The stock performance in the past has said enough about the value of the issue.
Technically we are very close to a 'bear' market because of the close to 20% correction in the all major indices. But is this the end of the glorious days for the bull? I don't think so. The market might dip further due to the massive fear created on the Main Street. However, it won't take more than 12 months before we set up new highs for the major indexes because I believe that US economy, although not rosy, is in much better shape than what the bears believe. We are not heading into a recession. Sure the corporate earning growth will slow down, but when the inflation pressure is basically gone and with a possible move of Fed easing, the global economy might get some stimulus and stabilize...
My main concern with 'Bearons' is that those editors know very well that the reputation of this magazine is dropping faster than a rock, yet they still stick to publishing trash views. Two weeks ago, the cover story interviewed two guys who predicted DOW back to triple digits in the years to come. And not to mention the times that they issues strong short on YHOO! & AOL, both of which will become 100 billion company in the next ten years, IMHO. To claim that DELL should be traded at book value even tops the DOW triple digit prediction. Consider the fact that out good friend LT was saying that he would consider buying DELL at $ 4-5...and it makes LT looks like a raging DELL bull because the Hickey dude is predicting another 50% dip from the value that Mr. LT is willing to pay.
Oh, gosh...does the 'Bearons' editor-in-chief have IQ lower than that of the dear Forest Gump? To put such interviews next to the cover story is embarassing to the journal and humiliating to its readers.
I finally cancelled my subscription of 'Bearons' this morning. I have been trying to do so for a year, and now I finally made up my mind. Business weeks, WSJ, Fortune, Money, Forbes, IBD ... are all much better than this once glorified journal (now worth not much more than trash). Enough is enough. I think that my $ has better place to go...:)
good luck,
larry! |
