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Technology Stocks : Dell Technologies Inc.

DELL 122.46

-8.5%

Nov 17 3:59 PM EST

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To: Philip Williams who wrote (96441)	2/9/1999 5:47:00 PM
From: Frank Ellis Morris	Read Replies (4) of 176387

Good Afternoon Philip and ALL, I was very uncomfortable with the action in the markets for the past few days but if we keep pulling the trigger everytime we think that there is something wrong or we are on the verge of a very big correction we will be wrong more times than right and miss the big upward bias that history has rewarded the patient long term shareholder. I just published the following on another forum and wanted to share it here. I am sure that there will be some who will flame me for this and this is not meant as an attack on any upright and honest stock broker or analyst in the securities industry. Well I don't have to tell any of you how disappointing today was. The problem that I have is that I have this deep disturbing inside of me that says these markets are fixed and rigged to empty the nervous investors pockets. I think that this is downright criminal. All you have to do is put on a suit and tie, work for some major brokerage firm, build up a little reputation and then use the media to spread rumors and predictions over the world at lightening speed. They place their bets have their little powell and then screw everybody out of their hard earned moolah. Racketeering is one of the biggest legal crimes of modern time committed by those brokerage houses and their easy use of the media. I think the SEC should break this up. Maybe someday there will be enough rage to bring about investigations and class action suits for monetary and punitive damages. Since you and I do not have the power to make these changes over night, I can only from my experience recommend the following. 1. Buy only the top companies in their field. Hold forever and a day and sell only portions from time to time to make your life a little more comfortable. 2. Unless you have a real stomach for disappointment and surprise ambush crap from analyst and market mavens, do not use margin for anything. It can be your worst enemy in times like these. This morning I decided to get rid of a couple hundred shares of CMGI that I got yesterday at the market open at 125. This morning I sold it at 103. I still did not see where this stock closed but I will never under any circumstances buy a stock including Dell, Microsoft or Intel on margin. This is just my personal experience and feeling. 3. When the markets falls sharply think of reasons 1 and 2. 4. No matter how bad and serious a market plunge can be there is one indeed fact to comfort us. There is no other game around to create the kind of wealth you can enjoy from being a long term steadfast investor in the big and best companies. This storm like many others will past and the same bastards that brought it on will make it past by calling for an oversold market and telling people to buy again. They throw us a few crumbs so they can make billions. Maybe it is just best to stop banging out heads against the wall and let the manipulators do their thing. By exercising patience and steady commitment we will be the winners in the end. The above is my opinion only and is presented for each to consider their own best situation. Best Regards Frank

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