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

To: edamo who wrote (135141)	6/30/1999 4:39:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

ed, are there better places to diversify? Owning one stock is not diversification! A diversified portfolio should have 12 - 15 stocks in a variety of industries. My portfolio is not diversified (it is tech-laden), but I do own companies like GP, T, TYC, VISX and VOD in addition to companies like AOL, BMCS, IBM, LU, and VTSS. I think the key is to own the most promising companies in a variety of sectors. but what of the psychology of those who bought in the high forties, and need a year plus to get above water? I frankly have trouble feeling too sorry for them. It should have been clear to a blind man that DELL prices in the mid 50's were simply unsustainable given consensus analysts' projections. I know that analysts are routinely bad-mouthed on this thread, but they were telling us quite a bit about Dell's long-term growth prospects given its then current business model. Folks who were pouring money into Dell at those levels simply were not paying attention. And people on this thread, like LongOnDell, Gregory Mullineaux and me (among others), were sounding warning bells while momentum guys like Voltaire were going crazy. I think most of those people are long gone. I think there is an important lesson in all of this -- don't ignore fundamentals. When momentum "investors" get involved huge market inefficiencies appear. The same thing happened when AOL went to $175. I could go on and on, but I think that the thread already knows what I think. TTFN, CTC

To: edamo who wrote (135141)	6/30/1999 5:05:00 PM
From: SecularBull	Read Replies (2) \| Respond to of 176387

If you bought into DELL in the $40s, and you're going to stick with it, stick with it for the right reasons; not because you're waiting for your investment to get back to even. There are a great number of "investors" on SI (and in the market) that need to take a reality-break. Those of us who were in DELL since '96 or earlier had one hell of a ride- a ride that is truly a once in a lifetime run. Sure there will be other big movers, but I doubt any will ever run as solidly as DELL did. You're damn right when you say that 25-30% return per year is great, but I think that there are a lot of people on this thread and others that expect 100% every three months in five different stocks. I wish them luck, because that's just about what it is- luck. Granted, I've been guilty of having high (unrealistic) expectations, too. But, these past few months have given me the opportunity to come back down to earth (not in a financial sense, but from an expectation sense). If you're in DELL right now, as I stated before, own it for the right reasons (and because you understand the company). Those expecting it to go to $60, $75, $90, $100, or $250 by 12/31 just because of it's past track record might be in for a surprise. Regards, LONGonDELL