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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (787)	5/21/1998 9:58:00 PM
From: lin luo	Read Replies (1) \| Respond to of 2578

Ok! I think it is my turn to boost the blooding bulls a little courage. To me investment is more philosophy problem than anything else. It is really what do you believe. If we go back 2000 years and ask people what do they believe in the future: sending people to the moon or predicating the next day's grain prices. The answer is obvious. Nothing works here. That is the inability of today's science. Now, what do I believe in the area of investments? First, I believe some people know much more than I do in this area. I constantly look for these people and follow them, not doing the analysis myself. Second, do I believe technical and fundamental analysis? I think everything is reflected in the chart, in terms of long-run, not short term. Zillions of people read this chart. Not many can truly understand it including me. The discussions whether the market is efficient or not belong to the people who do not understand the markets. This is also supporting my first point: in the long run, the smart money is in the chart. Third, the market or stocks need different views: diversification of views, not portfolio. When all views become one, the market is unstable. Regarding DELL, this stock has been constantly overbought in the past several years, which roughly translated as there are more up days than down days. During this period, it suffered many impacts from UPS strike to INTC's bad earnings (twice), etc. But the smart money has been there. It always has sharp corrections and bounces back very quickly. Constantly overbought stocks like MSFT, CSCO have the same characteristics, compare with stock like INTC, CPQ. This time, DELL transforms itself from a (too) fast growing company to a steady growing with a fixed and predicated rate, like CSCO and MSFT. People need time to adjust themselves. Regarding inflation: no problems. No an issue here. P.S., all my posts on the Internet are from myself. i.e., you can not hear it from anywhere else.