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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Frank Ellis Morris who wrote (132461)	6/11/1999 5:49:00 PM
From: vip	Respond to of 176387

Frank: << Hedge funds and other sellers dumped Treasuries after rumors circulated the Fed was holding an emergency meeting -- either to raise rates, or to bail out a hedge fund that was said to be in trouble. The Fed, citing policy, declined to comment on the rumors, which most players agreed was false and used as an excuse to sell. A technical breakdown and thin trading conditions exacerbated the afternoon down-trade.>> Always there are rumors and rumors lead to these declines!!

To: Frank Ellis Morris who wrote (132461)	6/11/1999 6:38:00 PM
From: larry	Respond to of 176387

Frank, Nice post. Withe the exception that AOL's PE is still more than 300 after the little beating it took today (trailing earnings at meager 33 cents, investment income does not count). Every sophisticated investor knows that AOL is a high risk investment with the exception of, the likes of Blodgett and Meeker, and those who still have the issue targeting at 200-265. It won't drop to 70s in the very near term. Issue is going to make lower low and lower high and die in a gradual manner. ACtually the day tha the issue drops 15 points will arguably mark an intermediate bottom for the market. I was very troubled by the easly double penetration of resistance AOL had today. I know that 105 level was to be penetrated, but the 100 level, I thought it was for next Monday. Anyway, from this point on, every 5 point drop will bring in a sucker rally until 80-90, which is really dense area. More bad news + higher rates should really send the issue free fall. DELL at low 30s is a good long term buy. Issue has solid management team and solid fundamentals. unlike nuts, issue has less hype and make much more money. In this kind of investment environment, earning talks. On the other hand, AOL seems to have 9 lives just like cats. It was 'dead' years ago and then made the dramatica bounce back. It was about the penetrate 106 level last Friday, yet came the Portland judgement which resulted in a fierce sucker rally toward 120. My point is, AOL is vastly overvalued and is worth, probably 50-60, and I will value DELL at around 35-38. But don't short AOL at current level because issue tends me make powerful, yet meaningless rally all the times. I am mainly staying on the sideline with cash in my hand. Not yet to jump in, otherwise I will be one of those who buy low and sell lower. good luck, larry