To: ace al who wrote (69378 ) 10/5/1998 9:17:00 PM From: chuckie Read Replies (3) | Respond to
Don't buy DELL here. Dell is a tough stock to time, that is a given. If only for the fact that every time the PC sector gets hit, this company only manages to steal market share from some other loser out there. This company is a money making machine, no doubt about it, but there is a down side. The risk in this market is considerable.take Cisco for example, great company, great product. Went from 67 two weeks ago to 48 today. A rumor has been going around for weeks now that either a big Japanese bank or a major American brokerage (i.e. read Lehman) is going to get theor clock cleaned as a result of unwinding their hedge positions (LTCM all over again) in fact, the japanese exposure is estimated at 1 trillion dollars, the IMF ability to control this with 15-20 billion dollars is like taking a leak into the Pacific. When it happens, and it will happen, Dell and the other techs will get destroyed. Price estimate on DELL: $45-48 on the down side. In a real ugly market we may see 40-45. Great buying opp, yup!!!! But we will get there:home.sprynet.com
