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To: Annette who wrote (4952)2/13/1999 9:55:00 AM
From: HECTOR RUBERT  Read Replies (1) | Respond to of 41369
 
Annette,

I remember last time they threw stones at DELL in their last earnings report. The stock was trading in the 68 range only to crash down to 55 within a week. Doom tales were flying high about DELL's growth. That was just 3 months ago. Whoever ignored the critics of DELL back then and bought DELL at 55, has seen their shares rise to 91 as of friday. Total percentage gain for a stock that was going nowhere........65% in 3 months. Lack of growth? Where? Do you see any lack of growth here? I sure don't. What did GE or IBM or AT&T or WALMART return for the same period? I'll tell you. Not even 20%.

So, the moral of the story you ask? Thank the naysayers on WallStreet for giving DELL shareholders another opportunity to increase their return by taking advantage of these selloffs based on pure speculation. I don't own DELL but wanted to at the 55 level. Didn't 'cause I was testing the strength of the stock. Up 65% in 3 months pretty much assured me that this stock is rock solid. Weak hands will sell in fear. Strong hands will be there to add to their positions or take new positions.

My price target for DELL post split ( I seriously believe a 2-1 split will be announced on Tuesday), is 65 by Sept 1st. That would be 130 before split. For an additional 43% gain from fridays close. In other words, a 108% return on investors who defied WallStreet naysayers in Nov. by buying on a so-called weak stock with little growth.

BTW: 108% in within 12 months!!
They also said people should take their money from technology and buy oil stocks. ( Believe them? I think not!!)

Hector