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

To: Nick who wrote (1131)	7/10/1998 10:31:00 AM
From: fred woodall	Read Replies (2) \| Respond to of 2578

Short DELL 101.062

To: Nick who wrote (1131)	7/10/1998 1:29:00 PM
From: Ming	Respond to of 2578

Please reread my post more carefully. I said that it was going higher, possibly to 115-120, in the short term. It will ride this rally and possibly another couple of quarters of runaway eps growth, which could even bring it past 120. But that's when the party will end. So, to answer your question, I am putting my money where my mouth is. And my mouth is not recommending a short position just yet, because the stock is not at my target price. If you want to play this one last upward ride on Dell, than I wish you the best of luck. Just make sure you take your profits and run when the price war between Dell and CPQ starts to become nasty. The PC business is a commodity type one. And commodity-type companies like Steel and Automakers trade at a single digit p/e.