John Hauser, I share your implied sentiments in your rhetorical question, sir, but it goes deeper than this now. I'm not worried about losing money with Dell, but the stakes have been raised in this day and time. Our friend Edamo is correct when he points out that 15-18% per annum is a solid return, but it seems that everywhere you look, people are "cleaning up" and growing much faster than we are here in Dell. (And of course I mean those of us who have invested since Christmas, not the long time Dell holders who are now millionaires.) I like Dell a lot, but it's very hard to stand firm against repeated attacks by the likes Paine Webber, et al. Why on Earth would they downgrade Dell just before earnings??? Are they privy to information that suggests Dell will not meet estimates??? Are they speculating, because as always, they are in a win-win proposition? This downgrade is the one variable I had not counted on.
Jeez! A downgrade just BEFORE earnings!!! I am still stunned by the timing of this. If we take another shot on Monday, I'll average down again, but there's a limit to how much nonsense we can withstand! WTF is wrong with Dell??????????? What am I missing? The company appears solid! What's the catch??? Are they too diluted with outstanding shares? Lesser companies are far more diluted. Is the standard PE ratio still too high??? Some of the internuts have standard PE's 7+ times higher than Dell! I feel pretty stupid right now, because I feel like I have overlooked some fundamental aspect that these analysts are continuing to zero in on.
Optimistically, one possibility is that Paine Webber and friends have a lot of BIG clients shorting Dell, and they are attempting to minimize their damage once earnings are announced.
My average purchase price is now just below 42, and yeah, I'll average down again Monday, but I'm selling on any pop because we're no longer betting on a solid Dell here. We're betting on the enemies of Dell and these jerkoff analysts to cease and desist, and it obviously ain't gonna happen. Does anyone here really believe Dell will still break 55 this year? They've got a mountain of "paper" opposition to overcome.
Question: If Dell beats the number Tuesday, what will be the response from Paine Webber, et al???
Sorry for the rant, folks. I'm just blown away tonight.
John in Iceland |
