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

To: freeus who wrote (21201)	11/12/1997 3:53:00 AM
From: William C. Spaulding	Read Replies (2) \| Respond to of 176387

This isn't a bear market, but prices might decline for the next 2 months like they did in 1995. I'll have to wait and see, but if there isn't a rally by next week, I'm definitely going to wait until the next earnings cycle in mid-January before investing any more money. Remember, in 1995 when computer sales were also good, Dell declined from a high of 49 in early Nov to a low of 23 and change in mid-January, when Dell had a p/e of 7.93. If Dell does that again, that means it will decline to $16! Of course, I don't think Dell will fall that far, but it may fall to less than 50 if 1995 repeats itself. I'm not trying to scare anyone, but I would certainly be cautious in this market. If it does keep declining daily, then we may very well have a repeat of 1995! As far as the outlook for Dell is concerned, it may not be relevant if the market keeps declining. Dell will simply fall with it.