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

To: Sabrejet who wrote (32485)	3/5/1998 4:59:00 PM
From: Venkie	Respond to of 176387

I resemble that remark to Joe..It was only 129 pts ago.. Be nice to him because I'm inviting him to a BBQ..Its A surprize. Joe is a smart short and I'm sure he covered. All Dell Longs are invited to the BBQ..You know who we're serving..I mean what we're serving.

To: Sabrejet who wrote (32485)	3/6/1998 11:23:00 AM
From: Jim Patterson	Read Replies (3) \| Respond to of 176387

re: <<You sound a bit frustrated! The fact is, the people on this thread are quite educated in what they are investing in.>>>> I think what Joe is driving at here is not that the folks on this thread don't know what they are investing in, it is that they don't know investing. Believe it or not, Long, long ago ect.. Book value was a key investment criteria. Very few stocks traded above BV. As a matter of fact, as BV relates to the market now. S&P 500 is @ ~ 5 times BV here are some years and BV for the S&P and you can see that for the S&P, BV used to have a range of about 1 to 2.1 then it seemed to matter no more. 1932 .4 Bottom 1937 2.1 top 1942 .8 bottom 1961 2.1 top 1966 2.1 short top 1968 2.2 top 1974 1.0 big time bottom 1978 1.1 bottom 1982 1.0 bottom 1987 2.5 I think we remember this one 1998 5.0 Which one of these is not like the others ? My point here is not that DELL is good or bad, only that from a historical standpoint, It's 42 x BV is a little outragious. If this post bothers anyone, I am not trying to spread fear. I am only pointing out 66 years of history Jim PS 1929, I don't have the exact number, so I will offer a guess of 2.5