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


To: Frank Ellis Morris who wrote (69310)10/5/1998 5:28:00 PM
From: SecularBull  Respond to of 176387
 
It means there are people who are not interested in holding this stock for the short term. It is important to not mistake short term psychology for the long term kind. I think DELL's prospects for the long term remain very healthy.

On a day what CSCO can take an $8 haircut after already getting whacked in recent days, I think many people have to wonder how bad it would be if the same thing happened to DELL.

This is why I shorted 2/3rds of my equity against-the-box and covered it with calls this a.m. I can afford to leave a little on the table to preserve the greater whole.

It is not a thinking man's market out there right now. It is very emotional. I decided to do the rational (by-the-numbers) thing this a.m., but not because I'm concerned about the fundamentals for DELL. I just don't like to lose.

Regards,

LoD