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

To: Dr. David Gleitman who wrote (70177)	10/8/1998 3:05:00 AM
From: Sig	Read Replies (2) \| Respond to of 176387

<<<<Does anyone have any idea if the bulk of selling is institutional or from the private sector (not that it makes a big difference, but does it?)>>> I don't know the answer, but my interpretation of what is happening is this: A flight to quality resulting from bearish conditions in foreign countries, confusion caused by conflicting statements produced by financial analysts, and fears the US markets will be infected. Brokers make money no matter what they sell, so "safe" investments easist to sell would be the well known brands of perceived quality such as KO, Mrk,IBM, ATT,Sears, Penneys, Texaco. Dell is not quite in that category as its a relative newcomer. These investments being rapidly and grossly made, without considering the perhaps small returns, large debts, or lack of strong growth capability. Dividends being a big plus for selling them since the competition is from bonds. Why are they recommending bonds now when they are at the lowest returns in the history of the (Fed) bond returns?. Thats not any way for an investor to make money... Almost any institution owning Dell has a huge gain on it, and the managers may be trying to lock in profits and find a "safer" place for the money in case things get worse. Also brokers can do their desired churning by pointing out to Dell owners the terrible performance of some adjacent tech stocks. "Sell Dell and let me put you into something stable"(G) ("and BTW I'll make 1/2 point on the buy and on the sell") Despite the present'flight to quality'(low returns) the human gambling instinct is still alive as witnessed by the many State lotteries and the the Web stocks(hehe). After a short time of owning a 4.8% bond, and then watching a new tech IPO take off for the moon, or seeing 63% growth rates vs 6% on a blue chip, money will return to the good tech stocks. Summary: THEY WILL RETURN(g) Sig