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

To: Venkie who wrote (19241)	10/27/1997 3:09:00 PM
From: William C. Spaulding	Read Replies (2) \| Respond to of 176387

It's a CRASH, folks! The Dow is down 354 points, the NAZ, almost 100 points! Combine this with last week's losses and I say we're having a crash. (Of course, percentage-wise, it's still not as bad as 1987-YET!) Venkie, if you buy long-term, you can buy almost anything that has good prospects: Dell, TXN, MSFT, CPQ, INTC, JBIL, etc. There are so many relative bargains right now, I can't possibly know or enumerate them all. It's a universe out there! I would just wait until we see the bottom. In other words, wait until it stops declining for a day or two. Why don't you have much cash? Didn't you believe me about October? Went with steve, huh? Well, this will teach ya! :-) Hey, steve, now what were you saying about October? Could you repeat that for a good laugh. Some people need some amusement here. Seriously, Venkie, I'm assuming you're holding stocks, not options. If you are, don't worry about it. You've only paid a high opportunity cost. The stocks will rebound in November. I can almost guarantee it. But if not November, then some time. Just keep holding. You would be FOOLISH to sell now. This might be the bottom, you don't know. Sell now, and the market might rebound tomorrow (although it doesn't look that way, now!). I don't think it's going to drop too much lower than it is now, so if I were you, I would just hold. But like you said, it has to be your decision. BTW, folks, interest rates are down. I have posted here many times before that interest rates and stock prices aren't as closely correlated (inversely) as many people think. Interest rates are down, and so are the stocks. So this is yet another example that shows that interest rates and stock prices are not necessarily inversely related.