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

To: Chuzzlewit who wrote (73086)	10/20/1998 2:31:00 PM
From: Lee	Read Replies (1) \| Respond to of 176387

Chuzz,..*Off Topic* Re:..It is well known that red meat based diet is unhealthy. BEEF - It's what's for Dinner!!! Aren't you worried about the Texas Cattleman's Association? Kitties are carnivores and although some will occasionally eat a veggie, they much prefer Beef, without detriment to their health. LOL I thought the medical profession or nutritionists were backing off some of that stuff now. If we made a list of all the items they've changed their minds about (through more research of course), it'd be mighty long. Regards, Lee

To: Chuzzlewit who wrote (73086)	10/20/1998 2:42:00 PM
From: Paul Merriwether	Respond to of 176387

chuzzie I understand what you are saying about supply and demand as it applies to what you economists call "widgets". As in molecules of utility. Securities are not widgets, since they don't provide utility to the person who owns them. They give you ownership in a corporation which enables you to share in its earnings. In the short term "demand and supply" may govern the price of a security. That's what electrical engineers call the "high frequency component" of a signal. Longer term investors care more about the "low frequency component" of the stock price which is determined by the earnings of the underlying company. Therefore the earnings of Dell with respect to the earnings you can derive out of riskless investment is what's important(in my humble opnion). The discussion of steak and catsup is irrelevant here.