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Technology Stocks : Dell Technologies Inc.

DELL 119.67

+0.8%

3:59 PM EST

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To: Venkie who wrote (69373)	10/5/1998 9:23:00 PM
From: Gold Beach	Read Replies (1) of 176387

Venkie: I know how you feel about tech stocks. I have been watching my overall retirement stash drop and drop and drop, particularly PSFT. Last Friday it and OCR (Omnicare) had big drops and I decided to stop the bleeding.I have held CSCO for about 4 years now and sold all of it except 15% that is not tax sheltered. Also sold all of NETA, PSFT, ATI, and DELL. This is totally unlike me and all weekend I felt glum about abandoning my tech stock retirement plan. The only reason I did it was because we have a worldwide financial problem. All the previous CSCO and DELL stock dips had to do with herd mentality on PC sales, decreased chip sales, etc. I think the thought process now is that regardless of present sales and profits, these figures down the road will erode regardless of what anyone says. Also the people buying on dips will be drying up (running out of money). I am going to force myself to sit on the sidelines and wait until this thing sorts itself out. Also, I am 62 years old and have to preserve my stash. Anybody's thoughts are appreciated.

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