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Technology Stocks : Dell Technologies Inc.
DELL 116.89-0.5%10:38 AM EST

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To: Eddie Kim who wrote (70701)10/9/1998 3:23:00 AM
From: SkyDart  Read Replies (1) of 176387
 


Me too. I thought I had missed my chance when Dell tanked 18 points on the day the dow sank 500 points. But I was ready when it hit 41, and I bought 5 month calls.

Could Dell go to the twenties or thirties? It's possible, but so is a nuclear war. Will people continue to buy Dell PC's? Will Dell continue to grow earnings at 30 to 50% annually or will the recession cause people to stop purchasing and hang on to their old 486 machines, and forego the internet, cable modems, NT systems etc?

Is Dell overpriced and ripe like a mellon to be smashed in this giant Bear market? Maybe, but I never bought MSFT because it has been OVERPRICED since the 1990's and I guess I wanted to be right more than I wanted to be rich.

Some Bears on this thread seem to prefer being right [that Dell is overpriced] rather than buying and holding for the inevitable rise of Dell [reflecting the boom/growth in worldwide PC usage].

But at least they will have the comfort in looking back and knowing they stuck to their discipline and never succombed to buying a stock like Dell [Yep, stick with the low-PE values like Ford and GM] that was grossly "overpriced", as they anxiously wait to receive their monthly social security check......
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