To: Mick Mørmøny who wrote (147390 ) 11/13/1999 1:25:00 PM From: Alohal Read Replies (1) | Respond to of 176388
Aloha Mick! Hmmm, "how do we say good luck in the islands?" Well, usually we say "Good luck!", unless of course you happen to speak Hawaiian, Japanese, Chinese, Tagalog, Portugese or any of the other couple of dozen languages that define our rainbow heritage here in paradise! As for Dell, I believe it will continue to be a very reliable trading stock until it produces sufficient "surprises" to wake up the street. This could come in the form of blow-out earnings, big forward looking deals, capitulation of a major PC maker or a move into an area where Dell can extend its expertise beyond the PC/server area, to the manufacture & distribution of other devices linked to broadband & wireless access to the electronic network. I am not a very good market timer, but when you see the stock of a company like Dell rise and fall in a fairly steady fashion as Dell has over the past 8-10 months, the odds favor accumulating shares, in a disciplined way, in the mid-thirties range and selling in the low to mid forties. I believe the downside for a company like Dell in the mid-thirties is very limited, while the upside is much greater. I have held my long term shares in Dell for more than 3 years and will continue to hold them until I detect some major change in its performance. Until then I will continue to range trade it. Perhaps I'll miss an explosive upside move by selling those trading shares too early, but it's just as likely I will be holding them. In any event, I'll be holding my core position. Besides, I've never met anyone who lost money in the market by selling stocks for more than they paid for them! Cheers Alohal