Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lucretius who wrote (41458)	5/12/1998 12:59:00 AM
From: Geoff Nunn	Respond to of 176388

LT, Given the recent pronounced rise in Dell's stock, surely those Dell puts you bought are by now worthless. Why are you sounding as if they have value? You aren't kidding yourself in saying you may increase your position by buying more, are you? :o) >>It could still see 100. If it doesn't I won't get to increase my put position. <<

To: Lucretius who wrote (41458)	5/12/1998 9:33:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 176388

LOL. Greg

To: Lucretius who wrote (41458)	5/12/1998 12:29:00 PM
From: Chuzzlewit	Read Replies (4) \| Respond to of 176388

Good morning Lucretius, You said something in this post that I think is so glaringly incorrect that it ought to be the subject of an entire thread! You said: I've said it before: don't be greedy, take your profits. Why do I take exception to this? Well, I've owned certain stocks since the 1960's: IBM, T. I never sold them. In fact, I've added to my holdings periodically through DRIPs and additional investments, to the point where its impossible to figure out what's happened on a rate of return basis. But here is a stock that I've owned since 1986: TYC. I bought it at around $5 and it currently sells at around $55. So I've held the stock through two bear markets and one and a half market crashes! The annualized yield over that eleven year holding period (neglecting dividends) is approximately 24.4%. It became a Bahamian company last year, so I had to pay capital gains taxes, so those numbers don't reflect the tax payment. Nevertheless, the point is clear: long-term investors profit to a much greater degree than short-term investors, and equating long-term investing (as in Warren Buffet) with greed is just plain silly! Back in November DELL dropped by around 30% from its high, and the doom and gloomsters were out in force. Oh, we Dojis and God knows what else portending all manner of future horror. That was when the stock was $36. But look at what would have happened if you bought at the absolute high during the summer ($46). After 9 months the stock is selling at about $92. That's 100% in 9 months!!!! So, I think you need to rethink your definition of greed. Greed is when you establish a day-trading position or a very short-term position, make a couple of points and vanish. It's kind of like the mind-set of a kid swiping some cookies from the cookie-jar when nobody is watching. Investing is when you put your money in a stock with the expectation of a large payback in the distant future. TTFN, CTC