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

To: Venkie who wrote (31464)	2/28/1998 3:51:00 PM
From: Phillip Crone	Respond to of 176387

Venkie, you sound like a very defensive bull. I would have thought that there were more than 1500 dell millionaires by now, is that a fact or were you just guessing, (serious question). Venk, I have 2 small daughters and I have funds set up for them in very conservative funds that should do them well by the time they are college bound. My point about college funds was people complaining about %25 percent returns. I don't know how long you have been trading, but do some history checking and see how many 25% return years we have had over the past 120 years. I am a very conservative trader who is very happy with 10% returns per year, over the long term. I am afraid that many innocent people will start to think of Dell stock as safe as a bank. Granted ;you couldn't have lost over the past few years but someday the tide and historical norms will return to Dell and the entire market. When that tide does turn, you and other longs won't have much warning. What took to build over 5 years can sometimes go in a few months. Again, I am not predicting this or telling you where Dell is going to go, it may very well go up another 1000 points over the next few years but I will be long gone in another 10 points. I would suggest to all longs to have the same strategy, put a stop sell order in at an amount that you would die if it ever hit it, like 50 bucks a share pre split. Good luck with your trading.