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Strategies & Market Trends : India Coffee House
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To: JPR who wrote (2931)10/1/1998 8:00:00 PM
From: Mohan Marette  Read Replies (1) of 12475
 
Hi JPR: No,actually I took my car to the dealer for the regular service.I knew it was going to be a rather severe down day so I left right after the market opened. I think this really an over-reaction as usual.

I didn't sell any of my DELL 'cos I did some checking the other day to see how my DELL held up over time and I found out my average return on DELL shares is about 15-25 percent no matter what the market did.Of course the longer holdings the higher the returns.I don't know you remember this in August we had sever and similar correction in NASDAQ like today not once but three times even then DELL held up pretty well I think my average return for Aug was some 10% on DELL.

I strongly believe that when Intel and Microsoft come out with their earnings in couple of weeks DELL should be trading over $70.00.We only lost 4 bucks or so today Dell could make that back in a day and a half,this stock is simply amazing and I have no intention of selling it until I make over a million dollars in profit and I ain't kidding you either.Talk to me next year about this time and you will be talking to one happy SOB,at least his is what I am hoping for.<vbg>

Oh BTW in case you haven't heard,in Q3 DELL was No 1 among all S&P 500 stocks with a astounding return of 41% (average return per month 14%) and you know Q3 was one of the most difficult ones for both NASDAQ and DOW with many severe down days.
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