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

To: D.J.Smyth who wrote (168932)	3/2/2002 10:56:47 AM
From: Sig	Read Replies (2) \| Respond to of 176387

Yeah, its just a traders market today. If one had enough money, Dell is the best one to trade since it has a bottom price of around 23 or 24-maybe sometimes less if one has patience to wait. . So then you have to watch it for weeks or months and sell when it gets to 28 or 29. But I dont have that much money to risk. If I could buy 2000 shares and make $6000 every few months or twice year, I would still have $52000 at risk, with market going up and down, worrying all the time because the entire market was going down and appeared to have no bottom at the time you bought. Waiting and waiting for a chance to sell and then having to guess the price to sell at just when the market has moved to a new high on the way up and appears to be going much higher. You may sell at 28 and then curse for weeks as it continues to climb. There are people who can play this game and usually make money and enjoy it , but they are not the most common investor. They probably have many other assets, a steady job or more than adequate retirement income. Own businesses, bonds, funds, homes, or apartments. In which case it can be a game lightly treated, providing great enjoyment when the gains are twice that of the miserable bond returns. I was never in that position,and still not today, I had only $8000 in the market in 1996. Since everyone has their own unique financial position and goals, it is nearly impossible to provide useful advice on the thread, only ideas such as you have advanced, that people may consider and find usefull. I have been a gambler, and rode that $8000 in Dell up to the point I was winning or losing $80K in one day. It was a once in lifetime experience. If I had played it safe, considering 300% return as more than adequate, I would have sold Dell in 1996 as many unfortunates did, I might only have $16k today -or even far less if I had put the gains in other techs. . In summary- nothing ventured, nothing gained. Happiness is victory, achieving a goal . . Michael Dell sets high goals beyond money . He could have quit after making the first $1 bil, saying "Thats it, I've made it and now I'm outa here" When he says we are going for market share, watch out, because the other guy is in deep trouble. When he says they will go for gains in the consumer market, the ads will fly and Steven will have full employment. When he says they will shoot for 40% of the market-its going to happen . Sig ( kinda ran out of words)