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

To: jbn3 who wrote (126346)	5/18/1999 11:32:00 PM
From: edamo	Read Replies (1) \| Respond to of 176387

jbn3..been in dell since 94, sold the splits until 97...bought 10k shares since feb 17...sold 80 x 01 60 puts and 30 x 01 55 puts...long 30k shares...no margin involved...not litigious so i will overlook your comment as it does not apply....unfortunately in today's world "spin" is a prerequisite for it is all the masses understand...nothing wrong with imparting a favorable slant, for such a posture is the basis of all successful marketing efforts...you have to bring to the world your strong points..i've read michael's book, i hold his accomplishments in the highest esteem...that is why i am a stockholder..but don't fall into the same trap that harvard business school did...msd philosophy is not new..he just applied a many decade old business style to a field that had no rules...read theory z, from the seventies, study deming from the fifties, and gain knowledge of musashi from the seventeenth century...it's all in msd's book...

To: jbn3 who wrote (126346)	5/24/1999 6:35:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Good morning Bachman, I'm still catching up on a lot of posts I missed during the last week, so I hope you will pardon my late reply. I think you raise a key point, and a weakness of many analysts: Bottom Line: If you are willing to own a company which is expected to grow at several times the industry rate of ~15% for the next several years, hold. If not, sell. Analysts are frequently searching for the "undervalued" issue. When they employ such a stratagem they lose sight of the fundamental idea of investing. If a company is under-valued (assuming you knew what "fully valued" really implies), and if you insisted on investing solely in such stocks you would effectively end up with a trading strategy, moving in and out of stocks as they become "fully valued". In other words, you become a sort of temporal arbitrager. But looking at the market as a vehicle for economic investment, what is wrong with having your money in a fully-valued equity whose earnings are expected to grow at 35% per annum for the foreseeable future? Doesn't that imply that you expect your investment to grow at 35% per annum? Maybe I'm asking too much of sell-side analysts, but it seems to me that such an approach is far superior to the "value investing" approach. And that's why I invest in Dell. TTFN, CTC