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

To: GVTucker who wrote (168895)	3/1/2002 6:53:44 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176387

gv Well, I don't consider you a basher. You have a decent car. It's just that your car is generally stuck in reverse. You always seem to know why Dell trades below $25. But, above $27; well, there is no knowledge base to support such a price. So, then, meastro, where is our precious headed next? I know what a naughtly little m&m has told me; but what do you think? I know that you've consistently recommended to others that they lighten up in the high 20s. Although, your recommendations are not based on forecasted data; your 'bad happens' ideal, nonetheless, seems to work. Still, I've never witnessed a recommendation from you to purchase below $25. You've recommended that individuals lighten up so often that it would be amazing if they have any shares left. I know a friend who trades Dell in much the same way you claim to. He is 77 years old. I've had extended conversations with him regarding Dell and technology in general. He doesn't know a thing about computers; sales, projections; technology, annual reports, quarterly reports, up and coming 64bit. He doesn't even know how to use a computer. He doesn't listen to Dell's conference calls. He knows nothing of charting theory or application. He started buying below $20. And now, for the past 2 1/2 years or so, he's been doing the same; he sells in the $26 to $28 range; buys it back between $19 and $23. He's made a ton of money doing this. He gets his stock quotes as they run across the bottom of his TV screen - CNBC channel. He listens to CNBC. That is it; no sophistication. No knowledge of technology. He suffers only from a Dell attachment disorder. So, you claim you're trading on some grand theory regarding valuation. He claims he's trading because Wall Street is filled with a bunch of bozos who like to send prices up and down to fill their own pockets. Who is more correct? Both 'reasonable' versions yield the same results. It seems to me that much market 'reason' is founded on worthless variable propositions that are constrained by one singlar higher principle; that principle being WS always makes money. This knowledge is about as meaningful as knowning that a mud puddle can vary in size when it rains, but it always makes you dirty when you step into it. The 'wise ones' were saying the same of cymi for two years until it broke out of its trading range. Now, of course, I'm sure some analyst will claim it's overhyped too. WGO is another example. It took a couple of analysts and a few freaky inside deals to poke it higher. I guess this is what is termed as 'listening'? Ge. Count me in. Give me a bigger hearing aid. Please GV. Say it again. "Lighten up". Maybe we both should get together and write a woeful melody.