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

To: freeus who wrote (135602)	7/6/1999 1:35:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 176387

<<I don't really understand the lag in DELL at all. Just don't have a clue!>> freeus: I can relate to those comments.....many of my relatives this weekend were asking me about DELL's lag. They also hold large positions in stocks like CSCO, MSFT, and CMGI. In terms of valuation DELL looks like a value stock. Check out CSCO's P/E..!! Oh well, most of us still have some DELL and it sure is tough to bet against them. The Fund managers are fascinated with internet infrastructure plays, telecoms, and many new high potential new internet issues. DELL's investment in KOOP isn't looking too bad today <G> !! Best Regards, Scott

To: freeus who wrote (135602)	7/6/1999 2:44:00 PM
From: TTOSBT	Read Replies (1) \| Respond to of 176387

Re: "I dont really understand the lag in DELL at all. Just dont have a clue!" I agree! Only thing I can come up with is that those big money managers know something the rest of us haven't figured yet...let's see maybe it's..."Dell rhymes with sell"? Yeah that's it that would certainly give them a reason! TTOSBT

To: freeus who wrote (135602)	7/6/1999 6:17:00 PM
From: DellFan	Read Replies (2) \| Respond to of 176387

Re: Not understanding lackluster performance Freeus, you've already answered your own (rhetorical?) question. Fund managers are unforgiving - and should be. I've seen more than one fund manager state, in response to questions about when they sell, that they will sell the very first time that a company misses expectations. You've already seen how Janus 20 reacted to Dell's missing its quarterly expectations. And that will be the reaction of most fund managers. They do sell on the very first miss. Given Dell's historical record, there were probably more exceptions to the rule than normal. But they have sold and IMHO will continue to sell into strength. This puts a ceiling on the stock's price and will continue until they have either sold their positions down to a minimal level or until Dell starts to outperform expectations. I wonder how long that will be, but I believe that Dell is basically dead money until November - when they will be reporting Q3. Dell has lowered expectations for Q2 - and I am not expecting anything which could move the stock higher before Q3 earnings. If they miss Q3, kiss Dell bye-bye. Anyway, FWIW, that's the view from here. Certainly it may rise between now and then. But any strength will kick off some selling and bring the stock back down. And overall market weakness could bring the stock back down to the low 30's between now and then. What have I done? I'm holding...but may sell into strength and pay off all my margin...then wait for the semi-annual tech wreck to buy back my favorite company. It's odd, but on this go-round with Dell (I have bought and sold numerously o'er the years), Dell is the only stock in my portfolio which, in the aggregate has a loss. And I have been buying on weakness since October. I'm embarrassed to be holding so much (it's about 40% of my portfolio). But I beleive in the man-child and I want him to succeed. I think he will..yes..I think he will. I just hope he takes his shareholders with him!! Sometimes I wonder - with his stock sales, outside investments and all.