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

To: Mohan Marette who wrote (70201)	10/8/1998 9:19:00 AM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 176387

<<Trufflette: Thanks,the thing is the fundamentals of companies like CISCO,DELL,MSFT and Intel haven't changed from two weeks ago but what has changed is the need for cash arisen out of stupid investment by mostly very 'knowledgeable' money managers particularly the Hedge Fund managers. >> Mohan, In short, that's A LOAD OF B.S. Present day stock prices are based on FUTURE expectations. Money managers and YOU have a right and need to be scared considering the following: 1) The bond market has called a recession for months now. 2) Tech Large Cap PE's were based on a perfect scenario situation, which has now completely unfolded; in reality, earnings WILL slow down. 3) Dollar is plummetting and it's not for good reasons because it probably deals with positions being blown out(see pt 4). 4) Yes, hedge fund managers are getting screwed. You or I DO NOT know the extent of this, and it's stupid of us to try to guess. Everybody on this thread keeps thinking they can do what they've "always" done and buy on the dips. If I were to take a survey, I would bet 8/10 investors here have been in DELL since the latest run in the bull market started 5 years ago. Well, sure you could buy on the dips...THAT'S WHY IT'S A BULL MARKET AND people with no experience end up looking like geniuses buying stocks with absurd valuations. This is NOT the same scenario as before, economic conditions now blur the picture. The fact that people still claim to be up 80% on their investment or are saying "still higher than last month," makes me shudder on how low we can go because it means the money managers are in the same profitable positions and are on the table selling.

To: Mohan Marette who wrote (70201)	10/8/1998 9:33:00 AM
From: Sig	Read Replies (1) \| Respond to of 176387

<<<but what has changed is the need for cash arisen out of stupid investment by mostly very 'knowledgeable' money managers particularly the Hedge Fund managers. >>>> I read an article a few days ago that the "take" by fund managers due to fees was $100 bil last year, thus leaving far less in the kitty when people need to use their retirement nest eggs. Its the way of the world when we don't pay adequate attention and let the other guy or the government do the job. Part of Americas financial success has been the realization that government and companies must return some money to the common people to keep the flow of capital going. I think the Asian countries failed to recognize that was nescessary. H Ford was one of the earliest to recognise that, and paid his workers enough so they could afford to buy a car. It may be a bad sign that the US has a budget surplus which is not going to be used as a tax cut.They are keeping too much. I wonder if the Feds will step in today, as they can do, to provide buyers for stocks where there is no bid ???. Would be interesting to know which ones they support. Would you guess some banks, rather than some techs(g) Crum, I must rather hope that Greg does not get his Dell GTC order filled today. Good luck Sig