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

To: Jim Patterson who wrote (51277)	7/14/1998 9:24:00 PM
From: K. M. Strickler	Read Replies (1) \| Respond to of 176387

JP, >>> A trade is a trade. You can not talk about missed oppertunity. You can not get upset if you sell a stock that then goes up 5000%. You can not get upset if you look at A and B and pick the wrong one. you can not get upset if you sell a stock that is pulling back just to see it pop back up in an instant. You can not get upset if you are wrong, The market does not care. <<< True enough, but when you see a stock that has consistently performed well, even though one has missed the 'past opportunity' doesn't mean that one has to miss the 'future opportunity'! >>> If you are going to get upset about missed oppertunity selling to early or anyother move that had it not been done would have vielded more $$, Then you must also get upset when you sell something and it promptly goes down. When you say No to a stock that ultimately never works. <<< And I do! If I sell too early, I try to evaluate what I 'missed', and if I sell just before the 'drop', I congratulate myself for being 'so bright', just as you will do when DELL finally does retreat, - ah - SOMETIME! >>> My clients understand this concept. DELL and AMD are not my only position, I just seem to talk about them here. It is strange, I don't seem to talk much about the things that are working, There is no debate there for me. <<< I understand that you and your clients understand this, and that your 'target' return of 3% per month is quite respectable, especially for a diversified portfolio that offers protection for both the investor and you. The individual investor, concentrating in a very narrow portfolio - as few as 2 stocks -, can possibly realize much higher returns, in my case ~13% per month on a 'rolling' 6 month average. That is by no means a record as one investor on the thread is >22% per month on a 'rolling' 6 month average! It is interesting that at a meeting with Peter Lynch, the manager of the Magellen Fund that set records for growth while he was managing, he was asked how many stocks you had to invest in to become a millionaire. His answer was "ONE"! I suppose my point would be, that if you cannot take the time to manage your own portfolio, due to other obligations, and have to 'hire' that function done because one thinks that another can do a better job than they themselves can do, than as long as the investment manager outperforms the 'averages', the investor has no idea what might have been! Some of the attendees of the DELL thread have been around long enough to have been able to participate in the rapid growth of just 'one' company (how many does it take to be a millionaire) and have reached, or will reach financial independence. Those who have, for what ever reason, not chosen to partake in the past, or refuse to partake in the future may be allowed to continue to attend the 'workday' crowd, and continue to 'complain' about the 'value' being to 'high' or the 'market' being too 'high'. Some of those people are probably 'stock brokers' who just wish that they could have gotten on the 'train', and then they too would be allowed to 'enjoy' the weather! Don't know, though! JMHO Regards, Ken