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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (14725)	8/19/1998 1:56:00 PM
From: David Harker	Respond to of 42787

Thanks, Chris. I only did one Dell trade, and consider it a mistake (should have kept the stock). I sold it (for $2500, 100sh x $25) in order to use the cash to buy a car (ie, reduce the amount of the car loan I took). If I had kept the stock, it would be worth $188,800 today (1600 sh. at $118). Should have taken a bigger car loan! Since then, I've bought more Dell (quite a bit more), and will not sell it until either: 1) fundamentals of Dell change in a big way, or 2) I retire on it (that'll take awhile). I agree that the market is shaky, my whole 401k is in short-term bonds, for now, all ready to "buy low" after any potential market collapse. However, I will NOT sell Dell. I'm up 23% for the year in the 401k before switching to bonds, so I can let it sit a little while if needed. I work at IBM, so can put 401k $$ into IBM stock, which I do for short-term plays - that's how I'm up 23% - IBM stock volatility.