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

To: arthur pritchard who wrote (89719)	1/18/1999 2:01:00 PM
From: Mohan Marette	Respond to of 176387

Hutzpa defined. Arthur: Good show! You mean you borrowed $100k from credit cards to trade? Man talk about 'hutzpa',steel balls etc etc.<vbg> BTW the correct spelling is 'freak' not that it is important.I have heard of freaks but do not know any personally and you my friend do not appear to fit the bill,may be a bit crazy but no freak.<g>

To: arthur pritchard who wrote (89719)	1/18/1999 2:07:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

Arthur, DELL was trading at around 17 (if I recall correctly) at the beginning of last year. Today it is around $80. That represents a 4.71 fold increase in value. Of your $450,000 gain you got to keep $324,000, plus your initial investment of $100,000, so you could be maintaining your position at $424,000. No doubt, that is a terrific result. But look at the buy and hold guy! He invested $100,000, and now has $470,588 in Dell stock because he didn't need to pay anything to the IRS. All of his cash is working all of the time. You shouldn't confuse leverage (margin) with this. You can have a margined position and still be a long-term investor. TTFN, CTC