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Technology Stocks : Dell Technologies Inc.

DELL 134.70

-0.9%

9:38 AM EST

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To: Frank Ellis Morris who wrote (100984)	2/16/1999 7:00:00 PM
From: Chuzzlewit	Read Replies (2) of 176387

Frank, you said It takes courage to be a buyer and holder during times like these Not really. All it takes is patience and a certain amount of foresight. For example, I bought CSCC at around $26. It became ASND (post merger) and my cost basis was up to $37. I saw that plummet to the low 20's on disappointing earnings and I bought more because I knew I was buying into good technology. It traded up around $90 recently when the merger with LU was announced. My holding period rate of return is currently around 80% per annum. So what's wrong with Dell? Their sales came in a few per cent light! There is nothing in the fundamentals that indicates anything other than a temporary bump on the road. Life is too short to agonize over this. Moral: stop trading and start investing. Hold for the long term. CTC

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