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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (47064)	2/14/1999 5:25:00 PM
From: accountclosed	Respond to of 132070

I edited "people" to "Dellheads", wiseguy. Now you better edit or you're saying you're a Dellhead. ;-)

To: Skeeter Bug who wrote (47064)	2/14/1999 5:36:00 PM
From: accountclosed	Respond to of 132070

You edited just in time <g>. That would have been a keeper seeing you admit you were a Dellhead <g> I really don't have objection to the Dell thread thinking that Dell is a good investment. That's what makes markets. The thing that surprises me is how personal many of the people take different views. Luc made a pretty innocuous post to MB about forgetting to mention that Just in Time inventory might not work as attractively in an inflationary environment and someone said that he had used up all his class good will and was now considered crass. Whatever happened to the idea that a bull's best friend was an informed bear, and vice versa. All the angst over CNBC's presentation and lawsuits against Niles etc. is really silly. It's like people think that their "great stock" has been impuned. I think Dell is a very well run company. They go a little far with balance sheet engineering, but so be it. I just think the stock is overvalued. So what. It's just my opinion. I am not suing anyone or contacting the SEC or my congressman demanding new legislation if some analyst disagrees with me. I've seen people have views I couldn't agree with about stock valuations before, but rarely such a rabid crew.

To: Skeeter Bug who wrote (47064)	2/14/1999 5:47:00 PM
From: accountclosed	Read Replies (3) \| Respond to of 132070

Another set of points that seems missed is 1. The Niles report wasn't that scathing. 2. People are attributing too much power to Niles statement. When Alan Greenspan comments that markets are marked by "irrational exuberance", the market yawns and skyrockets. The magnitude of the drop indicates that either Niles hit a chord with investors or that the stock was vulnerable, having run up so far so fast recently. But if he hit a chord, the fact is that the chord was there to hit. A typical analyst upgrade/downgrade is rarely worth 12 points, and Niles isn't exactly the highest powered analyst out there.