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Strategies & Market Trends : Buffettology

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To: jhg_in_kc who wrote (410)10/9/1998 1:51:00 PM
From: James Clarke  Read Replies (2) of 4691
 
Dell is still extremely risky, and I am not calling any bottoms. Dell's volatility yesterday on 100 million shares traded should tell you something about the stock. Companies don't trade 100 million shares in a 20% range because of business fundamentals. I find it quite amusing that you point out that it was under 50x earnings as if that is supposed to make me think its cheap. I congratulate you on a nice trade yesterday.

GE and Dell are both ready to topple. Maybe that takes the Gilettes, Disneys and Wrigley's down one more leg to the point where they become attractive.

JJC
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