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

To: freeus who wrote (32738)	3/7/1998 10:03:00 AM
From: Fangorn	Read Replies (1) \| Respond to of 176387

Freeus, When I buy a stock I have already set both price and time targets. If the reasons I set those targets change then I reconsider my position. Again using Dell as an example when I bought at 100 I had a target of 150 by end of '98. When it slid in October nothing had changed that would affect my reasons for buying so I averaged down (as I may do again Monday if enough skittish people drive the price down to 60). Reading this thread and all the links I have moved that target to a conservative 180 by Xmas and warnings from CPQ and INTC haven't changed that. IBIN is another interesting case. I paid 1 3/8 for it in late 95. My time frame was 2 to 3 years and price target was 3 to 5 dollars. It traded lower from then til early '97, as low as 5/8 (should have backed up the truck at that point and bought). The story hadn't changed so I held on. Last fall it went to 3 1/4 when Yogen Fruz agreed to buy it and I sold. The point is that even though I had more than a 50% loss on paper the story hadn't changed and I believed it would come back.