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

To: JRI who wrote (1629)	8/23/1998 10:47:00 AM
From: DoggieDude	Read Replies (1) \| Respond to of 2578

I'm not much of a TA person, for the most part I look at charts at various time periods & compare a company to competitors and the averages. What I don't understand is how anyone could look at a chart of Dell and say to themselves "Hey, that's it for Dell!! They have gone as far as their going to go at it's all downhill from here!" I can see finding some periods where things have been overbought and there is a chance for a dip but why risk it? There are tons of companies out there that are doing badly and just getting worse, so why risk it on Dell?? To put it another way, if you take all the positive days vs negative days with Dell there are many more positives (therefore the stock has been going higher). Why not find a company that has been doing the opposite to short? I do daytrading on a regular basis and I have found for the most part it has a lot to do with just plain luck. (Picking a daily high to sell at and buying back at a daily low.) With Dell the odds seem to favor a general uptrend and therefore even with me picking the wrong side to be on (always long or out never short) never hurts for very long because eventually if I bought at high it will go higher. Again, why not just pick a stock that puts the odds in your favor if you like to short? Do you honestly believe Dell will become some kind of major disaster? The only thing I can see that would cause Dell to tank in the near future would be an across the board melt down of the tech stocks. If that does happen there will be many others that will do much worse than Dell; the internet stocks come to mind. Well this ends my rambling.

To: JRI who wrote (1629)	8/23/1998 11:17:00 AM
From: Lucretius	Respond to of 2578

OK. Guess you'll have to learn the hard way. This stock can go to 25 and still be overvalued. Think about that when we hit 75 on the first leg down. L-T this stock should get back to the single digits. Reality is coming back to the market. Don't stand in the way and get run over. DELL will begin dropping and at first you'll say "just profit taking" then it will drop even faster and you'll be a little concerned, but won't sell cause if you would have in the past you would have missed out on ludicrous profits. So being greedy, you'll hang on even as the stock bombs... all the while saying the fundamentals haven't changed..blah..blah, DELL will grow forever!!!(remember when I told you bulls that you would buy all the way down? If you want to hang onto this POS, at least don't make that mistake and compound the problem) Think before you drink and buy DELL. -Lucretius