Michael, I trust Dell's management, and I am a long term player in the Dell story. What I do in terms of options trades from week-to-week is just monopoly money to me. You'd probably criticize me for being such a believer. I made 698% last year being a believer, and 5500% return since I started buying DELL in March 1996. I'm confident in accepting that I don't know everything there is to know in the world about everything. I know Dell management, and I'll keep my money on them.
I think that the reality is that Dell is maturing with its markets. However, there are always new markets, and new products. I think that Dell is well position to adapt to the changing landscape, much more so than the competition.
The sub-$1,000 may deliver unit growth, but it will hurt margins. I'm very interested to see their strategy. I'd rather see them stay away. However, Dell's management is very much more in-tune to their industry than I. If they see now as an opportune time to move into this area, I will give their wisdom the benefit of the doubt over my own view. Perhaps that's one of the differences between you and I?
If I could give one other critique of your opinion, is that it assumes that all markets are fully developed, and that there are no more worlds left to conquer. I think that, if it is your position, is wrong, IMHO. The cherry-picking is just beginning.
Regards,
LoD |
