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

To: Chuzzlewit who wrote (21365)	11/13/1997 2:40:00 AM
From: stephen wall	Read Replies (1) \| Respond to of 176387

Paul, I dont think this market has reacted to reality yet. Its still too nervous to sort things out and will probably continue until some sort of governmental fiscal support occurs thru the IMF or world bank, at least in Japan. I would not be surprised to hear Greenspan hint or announce something tomorrow. If you remember the article I posted yesterday on PC sales in Asia from the South China Morning Post, that paper is a good source for reports on worry in the area. I get the sense that they (Hong Kong, Japan, South Korea are on the verge of freaking out, what with foreign dollars leaving and leveraged bank debt mounting. Its like the entire region is holding its collective breath waiting for the hammer to fall. I notice today that the FED announcement on interest rates hit the wires almost instantaeously with the UN Security council announcement of the condemnation of Irag (2:30 p.m) and the market went south. With the previous bad night in Asia, the wall of worry just got to be too much. (Of course CNN carries this like a world ending event with reruns of the Gulf Storm War.) Anyway, my take is that until governments or the IMF step in with at least some stabilizing move, it doesnt matter that DELL has only 6% exposure in Asia, or that they are having a "formidable" quarter as per IDC. They may be stuck for a while thru no fault of their own. But then again, we may not have another opportunity like now to put together that dream portfolio because theyre all there for the picking. You dont have a spare set of treasury plates do you? regards, stephen

To: Chuzzlewit who wrote (21365)	11/13/1997 3:07:00 AM
From: jim kelley	Read Replies (1) \| Respond to of 176387

Paul, I agree that it is too early to call a bear market. My main point is that the markets seem rudderless and without leadership. I think that some institututional leadership needs to be exerted to give the world markets some support and stability. The origin of the problems appears to be rooted in the South East Asian markets, Brazil is not helping matters. Iraq is just adding to the general neurotic behavior. I do not think the Iraq situation is the cause of any of this. Right now the futures market is showing a positive upwards bias. I expect some announcements tomorrow from Rubin and Greenspan to calm the world markets. Regards, Jim Kelley

To: Chuzzlewit who wrote (21365)	11/13/1997 7:20:00 AM
From: John Koligman	Read Replies (1) \| Respond to of 176387

You're right Paul (the voice of reason!). In the long term this in my view is a nice buying opportunity for the good ones. I'm in this morning for some Applied Materials, have already picked up Intel and Boeing last week. Quality techs are down 30%, many techs are down 50-60%, I'd say they have just had a bear market, wouldn't you? John