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

To: Chuzzlewit who wrote (45151)	5/28/1998 11:46:00 AM
From: Walt Corey	Read Replies (1) \| Respond to of 176387

Chuz, re:"...about how the market values a security." I won't belabor the point because you are a really bright guy and I enjoy your perspective. I comment only because you hit the nail on the head as to my base assumptions for the use of TA. IF, and it's a big IF one can quantitatively discern how the market, as a whole, seems to value a security, AND, that valuation is tracked and modified over time, as necessary, then one can make valid assumptions on what the expected future behavior of a security will be. I also believe in the KISS principle. I have a computer model that works on those assumptions, not too well with Dell though since, as you point out, some companies are to driven by irrational sentiment to be modeled. However, if you subscribe to the notion that there is market manipulation by programmed trading, then you have to conclude TA drives the market to an extent. As in advertising and marketting, the medium IS the message. Walt

To: Chuzzlewit who wrote (45151)	5/28/1998 12:15:00 PM
From: jim kelley	Read Replies (2) \| Respond to of 176387

CTC , I always liked the word "lugubrious". It sounds like you could use it as a substitute for motor oil in your car. I am an entrepreneur. I started my own company designing, building and selling instrumentation and test computers because I did not know that I could not do it. So I was both optimistic and ignorant. I wanted to be like Tom Swift. People used to come up to me and say " How can you do that ? I can't do that." But I had an edge on them. I did not know I could not do it because I was ignorant. Now I am rich and still ignorant. So, I reached the conclusion that I could actually do anything that I really wanted to do. While these other people could not do anything because they were convinced that they could not do it. So, be careful what you believe about yourself. I personally prefer to be delusional and do the impossible. It is much better than the being rational, objective and totally hamstrung. Michael Dell just did not know that it was impossible for a young man to begin a company in his dorm room and later go on to compete with the titans of the computer industry. I am glad he was ignorant too. I am sure that people told him that he would never make it without a college degree. Regards, Jim Kelley