A few general comments only since predicting ST motion in this volatile market is hazardous to ones ego:
Dell is one of the very rare stocks where buy-and-hold strategy works like a dream. Buy on the dips is even better.
It would, in hindsight, work about as well on aol yhoo,emc and
it appears they can keep going too.
Dell is down and its buying time again.
For myself, not having much day-trading experience,patience is the clue. That means I have to watch many of the Internuts blast off into orbit while Dell is re-fueling and still on the launch pad.
Holding requires some kind of faith in the US market, the Dell team and their well discussed and public strategy.
I read no valid comments from bears that represent a stopper
to the Dell train. I don't even accept a limitation to Dell
rate of growth. Cut it in 1/2 ( for what reason?) and its still over 100%/yr. Analysts and even the most aggressive Dell bulls have
vastly underestimated Dell for the last 4 years until just one month ago. They will do it again.
Dell is now, among other things, using their experience with the
Web to greatest advantage. I guess its takes a while for the potential to sink into the minds of money managers, who seem unimpressed with $14 mm/day or $5bil/year sales rate. ( well, Hey, if Dell can do it, anybody can do it). Yeah, right on man, all we have to do is put something for sale on the Web and people will buy it. Lets sell groceries........
So will $20mm/day ( or $7.6 bil/yr)impress anybody?. Maybe not, but its going to help the bottom line. Even if that is ignored, there is lots of good news coming from the relationship with IBM and other companies.
(hope I hav'nt been too specific here-hehehe)
Sig
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