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

To: Irish King who wrote (32588)	3/6/1998 6:02:00 AM
From: Michael Ohlendorf	Read Replies (2) \| Respond to of 176387

I guess that Dell will be up only 4 today after the MOT and TXN warnings.

To: Irish King who wrote (32588)	3/6/1998 4:12:00 PM
From: Chuzzlewit	Respond to of 176387

IK, I'm sure many of us have read the anecdote, but, like so many bits of common knowledge, it's wrong. But it reminds me of the one where Aristotle asked his students how many teeth were in a horse's mouth. Aristotle expected his student to arrive at the correct answer through logical analysis. One student had the temerity to actually open up a horse's mouth and count teeth. Hence the phrase "get it from the horse's mouth". So, from the horse's mouth: less than one million people were trading on margin in 1929. The crash of 1929 was created in large part by fraudulent trading schemes involving investment pools and other devices designed to bilk investors. Insiders were flagrant traders in their own company's stock, and companies valuations had nothing to do with earnings prospects. Read Malkiel's "A Random Walk Down Wall Street" for a nice summary of what forced lead to the crash of 1929. Will the tech sector crash? Undoubtedly -- it does with annoying regularity. Will a lot of investors be hurt? Yes -- those who buy on momentum and who speculate rather than invest. Are there speculative "South Sea Bubble(s)" out there? No doubt. What is my vote for the current South Sea Bubble award? Amazon.com But, which companies will not only survive, but flourish? Those with demonstrated ability to expand earnings without recourse to gimmicks, and those whose mission is to maximize (taking a long-term view) share-holder wealth. That's why I'm a Dell shareholder. Regards, Paul