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

To: Naggrachi who wrote (155387)	3/21/2000 10:10:00 AM
From: rudedog	Read Replies (1) \| Respond to of 176387

Naggarachi - again with all due respect, having such a huge proportion of holdings in one stock is not the best plan for sleeping well. I sold a little over 1/3 of my DELL holding in January and February of 1999 at 45 and 47. Most of the proceeds went into CSCO and INTC... that move took my DELL holdings from over 40% of my portfolio to about 23%. Between that sale and now, DELL went up about 20%, while CSCO went up 130%, INTC more than doubled... and that gives weight to DELL's current spike, which I don't think will be sustained. While DELL is a solid company and a solid stock, even today it is less than 10% above its 1999 high. Do you really think that Kemble should continue to just push all the money onto the DELL square? My personal opinion is that DELL will be doing well to finish 2000 in the 60s, but even if it were to go to 100, it would still be outperformed by my CSCO and INTC, even if those stocks don't go up a nickel from where they are today. My most recent transfer of assets was to sell another 40% of my DELL position, taking DELL to about 12% of my portfolio. I exchanged it for NOK, CIEN, JBL, about half NOK. So far, I'm down about 2% on the CIEN and JBL, up about 8% on the NOK. DELL is up about 3% from my last sale. So I'm money ahead already. BTW the other half of my CIEN position was purchased on Jan 31, only 6 weeks ago - that purchase is up 115%. That purchase was paid for by my short position on DELL right before their earnings warning. You do remember that, DELL in the 30s??? If DELL runs up, I will be delighted, but if it falls back to the high 40s or low 50s I won't get indigestion. My portfolio overall is up 28% year to date, while DELL is up only 12%. Mindless boosterism won't help Kemble make sensible decisions to provide for his and his family's future.