To: Meathead who wrote (23129 ) 11/25/1997 11:31:00 AM From: James Choi Read Replies (3) | Respond to of 176387
To all long term investors who are watching minute by minute price movement: Today's spike was very nice. It is very unfortunate that it didn't quite reach 85 to trigger my short sell order. At any rate, I hope for your own sake you can see the trend. Stocks will always fluctuate. Wait long enough and you will see the movement that makes you scream "I told you so." True. And if you wait even longer, we all die. The fact is that, fundamentally and technically, things have changed. It is all fine by me if you guys want to be long term investors. Soon you will be forced to be if you want to see any profit, especially for those who entered on Dell's peak days. The fact is, the future prognosis for Dell is unusually great. There is no shadow in its forcast. Do you remember when to sell a stock? You sell it when it looks absolutely promising because that when everyone who is going to buy already bought. From now on, anything less than perfect will trigger a mass sell off. I don't see how Dell's future outlook can improve further. I am not sure how long term investors invest, but I buy low and sell high, sometimes in reverse order. If you guys just like to hold on to the stock for the sake of holding it, then all the power to you. The news from the estern front is not all quiet. The government announcements are uniformly optimistic and confident but it has been that way all along. The details I read are disturbing. It seems like the hard-core American optimism that created this great country is at work again. I could not believe that the Dow went up this morning however briefly. But remember that the very optimism brought the long and painful downfall of Detroit industries. Japan was rising and Detroit ignored it for too long. Bull market was nice for everyone. But all indication is that either the party is over or the peak has reached. Hold on to your belief if you like. That's what believes are all about. Something you guard against all indications. I am not here for any belief. I am here for profit, long term or short term. Paying tax at any rate is much better than incurring a loss in my view. I don't know how you feel about those things. The market will go up and down and bulls and bears will continue to leap frog. But I get the feeling that there will be two bear days for one bull day from here on. We harvest what we plant. James Choi