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

To: Olu Emuleomo who wrote (24282)	12/5/1997 11:30:00 AM
From: Chuzzlewit	Respond to of 176387

Olu, if there is a flaw in what Meathead did it was to ignore taxes which would significantly strengthen his argument. Secondly, since your method doesn't specify where you put your money when it's out of Dell the flaw is not in MH's analysis but in your specifications. In your method you are liable for short-term capital gains taxes. Try backing up your method and recalculating with taxes. Someone on this thread said some time ago that capital gains tax was the only purely voluntary tax. Your strategy volunteers quite a bit. Buy and hold is a winning strategy provided you are willing to exit if the long-term, underlying fundamentals deteriorate. So until the entire strategy is specified it is not "Nuff said." It is only partially said. Regards, Paul

To: Olu Emuleomo who wrote (24282)	12/5/1997 12:39:00 PM
From: Meathead	Read Replies (1) \| Respond to of 176387

I realize that you can put capital gains to work elsewhere. The point of the excercise was to examine Dell stock only. There are plenty of other stocks that you will kill you if you stay long, or, show no gain over a period of years. FA will keep you out of these stocks to begin with. Great trading stocks are AMD and Cyrix. Stochastics alone will far surpass buying and holding these issues. Annual rate of return for holding Dell stock the last 7 years averages 700%. If you can consistently beat that, you need to write a book or publish your own trading newsletter. I'm not bashing anyone for "trading". I'd just like more insight into the validity of TA beyond my own studies. Happy trading MEATHEAD