Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JRI who wrote (106272)	3/2/1999 5:46:00 PM
From: Craig A	Respond to of 176387

Any tech heads out there that understand a support level for this stock? I have held DELL for a long time but am gaining some respect for the technical side. Just recently have considered this an internet play but am concerned about profit margins. Who would have thought INTC would be trashed like this? TIA Craig

To: JRI who wrote (106272)	3/2/1999 6:30:00 PM
From: Hector	Read Replies (2) \| Respond to of 176387

John, Facts. You don't like my facts. Stocks go in and out of favor. The price someone is willing to pay for a stock's P/E this year may not be the same next year. Take a look at the oil drilling sector and you'll see what I mean. Dell has a very high P/E relative to the market and its own past. It does not allow for earnings slowdowns, recessions, bear markets, or any other type of negative. One important fact that will only be proven in retrospect is that daytraders have cushioned the decline of this stock. Another fact; Dell had a parabolic spike blowoff. It doesn't mean the end of the company. Dell has real fundamentals, so the initial price decline most likely will go to 50-60 presplit before consolidating. Take a look at JNJ, GE, and MRK in the 1970's to see similar action. People who held onto them for the long term came out fine. I did and am very happy I did. I waited 9 years though before they came back to the same price they were at in 1973-74. I expect the same for Dell. All I'm suggesting is that these are dangerous times and maybe it's time to take some money off the table. We're in a trading market and that's how the money's going to be made for the next few years.