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

To: jim kelley who wrote (147472)	11/15/1999 7:40:00 PM
From: Ex-INTCfan	Respond to of 176387

re <The market is decoupled from fundamentals for many stocks.> Yep. Take a close look at what's been up and what's been down. There is some logic to the direction, but the magnitude of the moves shows that emotion and momentum are the main causes of these jumps. The driving factor seems to be "whatever was up yesterday should go up today." I've unloaded a couple of these "momentum" stocks in the past few days (which I bought before they went completely nuts), only to watch them go higher. Bitter? Moi? A bit, but I like to differentiate between investing and speculating. A most dangerous game. Look at what happened to QCOM today. Great company, great stock. It dropped about 50 points in a few minutes and then recovered. Stock is in a parabolic rise. Love to own it -- used to, in fact. But would I buy it at these levels? No way. It is getting too difficult to pick stocks. Finding companies in great industries with great fundamentals and reasonable values used to be enough. Now the game is to jump on the train when it begins to move. I don't have the energy for that. I'm going to continue to look for great stocks in great industries. If the market chooses to decouple from fundamentals for good, then so be it. At least I won't be making investments with my eyes closed. Go Dell. INTCfan