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

To: jhg_in_kc who wrote (58352)	8/14/1998 7:59:00 PM
From: SecularBull	Respond to of 176387

jhg, you should know that Mr. Buffett takes the long view. Taking the long view about DELL, as say Kemble does, is a winning strategy year-over-year. I think that most of the disappointed people on this thread (those who have lost money this week due to short term options losing value), need to really sit back and realign their sights to the longer term view. I have some short positions outside of my personal holdings (family investment partnerships I privately co-manage that have a short term investment philosophy), and those are the only ones I am even remotely concerned about at this point. I'm still ahead on them (August 100s). My personal holdings (by philosophy, much like Mr. Buffett's) are in LEAPS on DELL and RMBS, and longest term (possible) calls for LVLT. I have the large majority of my portfolio in long term holdings in DELL since March 1996. With this most recent market volatility, I flushed out all other positions in options and equity not of these flavors, with the exception of shares of WAVC. I just couldn't focus on them enough to warrant the effort. I converted the cash I raised in those sales into RMBS Leaps earlier this week. Leaps and equity give me the safety that Mr. Buffett suggests. I don't lose any money on any of it in the short to mid term (unless I sell), and chances are pretty certain that the positions will always be worth more than I paid. As is the case for the DELL Leaps that I bought when the stock was in the 60s (when Jim Patterson, Eddie Kim, and Lucretius Taurus were calling the top in DELL 45 points ago). And when DELL splits (again and again) the options multiply exponentially. I'm not going to sell these contracts before I can do it at the long term capital gains rate, and depending on how DELL is doing at the time, I may sell some and execute the others with the proceeds. The point is, GO LONG, and forget about weeks like this. I know that many of our fellow threaders are short term players, and they try to time the market. But you know, the guys that are always happy on this thread are the buy-and-hold types. It may not be up twenty dollars this week, but it's up $50 this year! Show me any other stock with real earnings that has done that (I'm sure there might be some). All I know id that my adjusted basis in DELL is around $3. DELL could drop to $25 (guesstimation) and still outperform Compaq for the period in which I've owned DELL. GO LONG and count your money! Regards, LoD