Dell Technologies Inc. Message Board

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Technology Stocks : Dell Technologies Inc.

DELL 146.68

-1.7%

Nov 7 9:30 AM EST

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To: JRI who wrote (106272)	3/2/1999 6:30:00 PM
From: Hector	Read Replies (2) of 176387

John, Facts. You don't like my facts. Stocks go in and out of favor. The price someone is willing to pay for a stock's P/E this year may not be the same next year. Take a look at the oil drilling sector and you'll see what I mean. Dell has a very high P/E relative to the market and its own past. It does not allow for earnings slowdowns, recessions, bear markets, or any other type of negative. One important fact that will only be proven in retrospect is that daytraders have cushioned the decline of this stock. Another fact; Dell had a parabolic spike blowoff. It doesn't mean the end of the company. Dell has real fundamentals, so the initial price decline most likely will go to 50-60 presplit before consolidating. Take a look at JNJ, GE, and MRK in the 1970's to see similar action. People who held onto them for the long term came out fine. I did and am very happy I did. I waited 9 years though before they came back to the same price they were at in 1973-74. I expect the same for Dell. All I'm suggesting is that these are dangerous times and maybe it's time to take some money off the table. We're in a trading market and that's how the money's going to be made for the next few years.

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