<<Michael Dell selling a small % of his shares is not one of them... >>
First of all, it is idiotic for anyone to assume Dell would sell ALL of his shares. I don't think he can even if he wants to. Second - let us do some simple math here.
If Michael Dell sells 4 million shares at $80, the proceeds of $320 mil would receive cold cash in return for a few pieces of 'paper' from:
1. About 100 Dellionaires margin buying power (who just can't pass this 30% price drop)
2. About 6,400 individuals with $50,000 to put all eggs in the Dell-Basket (AEDB) - 3,200 if they all bought in margin.
3. Or, 32,000 individual with $10k to put AEDB (or 16,000 if they bought on margin)
4. Or about 160,000 individuals with an average direct or indirect commitment of $2,000 to mutual funds with Dellholding.
There can be innumerable other combinations.
Add that to the billions of dollars of stock that is being sold by other tech insiders. That will exchange 'paper' for cold-cash savings of millions of individuals. If they are margined, a good many of them will be wiped out in a serious market decline. It should take years of hardwork to earn and save that much more money. (Then they will understand the difference between easy money and hard earned money.)
At the end of all this: the tout Michael Dell will retain all the $320 mil he received from these proceeds. BFD, if he is only selling a portion of what he owns. In reality NO ONE in the right mind would expect him to sell ALL his shares.
These are simple facts Dell retards, who were mesmerized by Michael Dell to believing his relentless tout-a-thon that Dell would inherit the earth in 5 years, can't and don't understand. |
