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

To: Stefan who wrote (57827)	4/28/1999 11:50:00 AM
From: Alohal	Respond to of 132070

Stefan, glad your relaxed about your Dell shorts, you are a much bigger risk taker than I. Just to clear some things up here. First, you assume that I am what you call a "Dellhead" and I presume that such a category implies, at least in your mind, certain behavior (in this case buying and never selling Dell, which I find curious, since one eventually has to sell the stock, unless one intends to eat the certificates instead of buy food). If putting people into pigeon holes helps you simplify matters enough for you to grasp, be my guest. The danger, however, is that you will be wrong about your assumptions much more often than you will be right. Such is the case with the presumptions in your prior posts. I have a number of different accounts. One filled with long-term core holdings (of which Dell is a major portion), another I use for short-term trading, yet another for my IRA, and still others for my children, also long and short-term trading accounts. I thought I did answer your statement about Dell being "dead" money, but perhaps I need to spell it out for you. I do indeed trade Dell in my short-term account, among other stocks. I last sold Dell stock this past Friday, along with a minor boatload of other tech stocks (aol, athm, csco, tlab and emc) which I picked up during the 4/19 "fire-sale". I admit to having a weakness for making large percentage gains on short-term trades. But I also derive a great deal of satisfaction from the 150-600% gains in my long term portfolio, especially knowing that when I do eventually take the profits I'll pay only 10% long-term capital gains taxes rather than 39.6%. Guess who writes the tax laws in this country! I hope this clears matters up, though given your penchant for being angry and combative, I doubt it will. Good luck and aloha.