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Some Hope For Dell Longs
In the aftermath of last night's Dell cataclysm, we would like to cheer up any remaining bulls - below we present at least one bullish perspective from the inimitable Whitney Tilson who has a $21-$29 price target (and owned 768K shares of stock). Ignore that the stock is down 20% since the reco, and 33% from recent highs: it takes special skill to discover "pent up value."
As for P&L, well... Sharpe ratios are overrated anyway.
Chart: BBG
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Losing, it's the new winning.
What TD meant to say was "Tilson is also long JCP, so your pain has sympathy.........."
Benny must be bringing QE3 Bullshit rumors back to the table this afternoon to mess up the shorts.
And broke is the new rich.
Just average down WT, until your fundholders force you to liquidate that is...
The FB class action suit is a joke
The Fed&Co blatantly manipulates and steals 10 times that amount every fucking day
I was wondering when Tyler would write somehting about DELL!! LMAO!!
AND that is MOST EMBARASSING for Whiteny Tilson!! WOW! I am absolutely lost for words with this level of incompetence!!
I HAVE NO MORE PITY FOR RETAIL SUCKERS WHO INVEST IN ANY WALL STREET STOCKS. You get what you deserve!!
My broker tells me to buy hewlett-packard, but I've been burned on tips.
'just the tip'
and remember you can't get burned the first time you buy..............
BTFT!
That was the strategy with the Facebook IPO.
If your broker says buy HP get a new broker. No plan, no future, big problem.
I would like to call out snake oil salesman Schoenberger the %^& for saying LNKD is a screaming buy!!!
Jerkoff!! Getting hard to sell a ponzi stock these days!!
are they going to start selling ipads?
Wow..somehow the market has recovered about 150 points today!
...and it's green
And Gold earned back its losses as well.
Something's has to be happening in Euro-land ...
something different from what's happened the last two years?
Nah, same manipulated crap. Just that at 2:30 The market and Gold got launched with rocket fuel.
Considering that Gold and the Euro are hedges agains the buck, and the Euro meandered, it smells like, I don't know, .... German surrender
Just tweeted by Tyler : "Deposit guarantee rumor making third round now, stocks falling for it once more"
Anyone else remember the monthly Dell 'millionaire' shareholder barbeques CNBC was only too happy to cover? These shareholders would look into the camera with an adorable almost infant like honesty and explain their entire portfolio was invested in Dell because it "only goes up". Haven't see a barbeque in a while. Where do they meet up now? At a local 711 for a big gulp and some Yodels. Maybe a little beef jerky if they are missing that smoky taste of barbequed steak.
http://seekingalpha.com/article/606821-apple-top-leads-to-market-top-as-predicted-so-what-s-next-an-epic-gold-entry-point
Anyone else remember the monthly Dell 'millionaire' shareholder barbeques CNBC was only too happy to cover? These shareholders would look into the camera with an adorable almost infant like honesty and explain their entire portfolio was invested in Dell because it "only goes up". Haven't see a barbeque in a while. Where do they meet up now?
++++++++++++
11/10... Remember these broadcasts well, wanted to puke at the time--same story with CSCO. These were probably the yayhoos that thought they
were going to make it all back with Farcebook.
First, I'm going to empathically state that I don't own shares or Dell, and don't plan to buy any. That gets that right the hell out of the way.
Now, to what I've really got to say about this- for all those who are investing in PMs, it's still a good move to invest in equities, with one gigantic caveat- to wit, that the companies you are invested in have to be intellegent, competent, and able to produce a top-notch product for a reasonably low price point. Seimens and BMW came out of the Weimar republic like lions, and are still players today.
The only reason I am saying this is that I recently bought a used Dell laptop- nothing fancy, and it was cheap ($190, IIRC) it's a couple of years old, and was apparently underpowered when I bought it. It had a 32-bit version of Windows Vista, and a tiny hard drive (Which was because the reseller had replaced it for resale.) Being the geek that I am, I decided to see what I could do with this thing. First, it was common enough as a business-class machine that replacement batteries are about $10 now, which is a serious no-brainer. Second, the motherboard and southbridge archetechure allowed me to upgrade it to a 64-bit OS, which opened the door to an 8-GB ram upgrade. After that, a solid-state drive made the thing a serious threat to any laptop I've seen on the market in this price range (under $500 including upgrades), and it is all bundled in a magnesium case that is almost as easy to mod as a tower. I run a custom-built i7 cad system at work, and a custom i5 system at home, and this cheap ass laptop is still more than adequate for me- I wouldn't want to model a complex assembly with it, but it's a sweet machine for everyday tasks.
You may or may not have followed that nerd ranting, so I'll break it down into regular person speak. It was a crappy-ish laptop that was built from quality components and designed to be upgraded. With the upgrade, it's now medium-fast again, and that is the sort of thing that IT people and engineers that make purchasing decisions like, because we can order components for upgrades without filling out capital investment requests for new equipment. Which means that when a guy like me buys a used Dell on the cheap and finds out it's easy to make it work good again, Dell is the company he's going to recommend when it's time to upgrade the company's satillite machines. Custom-built is the way to go for core IT machines, but retail is the thing for salespeople and floor personnel- which is where the real volume exists.
At this point, computer hardware is a commodity, and Dell has shown that they are good at sourcing and assembling a quality product at an acceptable price point. So, if hyperinflation were to hit, with it's attendant rooms full of accounts, Dell has proven that it has the required experience and strength to provide said accountants with acceptable product at acceptable prices, and in the kind of volume that makes it a real player. They're not the best. but only hobbyists use the best- pros have to balance the best against the best value, and Dell is still a strong contender in that field.
Remember, this isn't about who is best- because Dell is not. What they are is middle of the road, and ready to play. They have a history with decent name recognition, and a product good enough for a purchasing agent to source without starting a revolt amongst the technical staff. That's what you want in a commoditiy- product recognition and fungibility. They're not shooting stars, but neither are they a Facebook- Dell is about as close to a computer blue-chip as you're likely to get outside of Microsoft, Apple, and HP, and I suspect they'll make it through the coming storm battered, but intact. If they were a flash in the pan, they would have been a memory by now- but they're still rolling right along.
All that being said, DYODD- as far as I'm concerned, Dell isn't a Facebook in any way, shape or form- it's more like a computer farm that is reasonably good at what it does- and reasonably good is usually good enough. Tossing it in the trash is probably a mistake. I like to think of this as the "Arnold Schwarzenegger" principle- that guy didn't really make any excellent movies, but he made very few real stinkers either, and that made him rich as hell with a long career. He was an action-movie commodity, and would have been worth investing in before he decided to play politician. Dell is very similar- it's something worth considering if you expect modest gains and dividends over the long term, and are not concerned about seeking Alpha. I'd consider it a safe-haven, if I wasn't speculating on the devil's metal.
hey, you know what? Tilson's probably right. Shit the SPX just came from over 20 points down to now green.
Fuck this piece of shit crooked Fed asshole run market!
The Dell family appreciates his support. lulz
What % of his AUM is that?
I had ten years of Dells and got tired of dealing with cheap hardware and poor support. Not one computer ever arrived on-time, always "delayed". When customer service was US based the hold times took HOURS, yes, HOURS to speak to a tech. When they decided to outsource to whereverstan the "techs" just followed a script and gave you the run around until you gave up.
Last two high end systems have been with Falcon Northwest and have been treated very well so far.
Dell has seen their last sale from me.
yep. I have a laptop from them that destroyed itself a year and a half after I bought and it costs more to repair it than it was worth (10 years ago). Just waiting to take it out shooting with me as a target...won't be buying from them anytime soon.
That's one pc- the dealer I use has racks of the suckers, all several years old, used, and still ready to go to work.
That being said, I understand the sentiment- I had a Ford that committed Hari-Kari on me at 80k miles, and it soured me on the whole brand. It happens. Sucks when you're the guy that gets the lemon.
Well when it comes to computers, I might agree with you that dealing with Dell is really hard. It might take forever for them to fix it. But when it comes to printers, I admit that they created some quality products. I just bought a new Dell cartridge from InkJetSuperStore.com. No regrets yet.
U.S. Government buying iPads and Notebooks
Bob 'off the lows' pissani: DELL is off of session lows, starting to show a nice rally.
Pissani is out-cramering Cramer. Just a cheerleader nothing more. CNBC would save a fortune if they just bought cardboard cutouts with pull strings that say "off the lows" when you pull them. Don't see how it could really be that different from current on-air "talent"..
Looks like Sack turned on the Risk on Algo at 2:30. Hopefully he is taking a 4 day weekend and tomorrow will be more interesting.
From ZH this AM:
Overnight Sentiment: Europe Front And Center As BOJ Checks To FedOvernight Sentiment:
As usual keep an eye on headlines: record EUR interest means violent short covering squeezes if the algos sense a hint of optimism in any red flashing text (if only briefly, as the long-term outlook for the situation is quite hopeless).
Just a reminder that we were warned.
Anyone heard that rumor that Merkle is about to guarantee all of europes banks incase of a run? Just out, found it quite funny indeed.
I also have some good lookin' JCPenney shares if anyone's interested.
- Billy Ackman
Dow charged up 150 points and headed towards the green, based on what?
Has Europe been saved while I got up from my computer for an hour?
Manipulated. Crock. of. Crap.
Any one here old enough to remember when their were Markets?
The current system needs to be trashed and rebuilt from the bottom up.
yup! same here .. wtf happened?!
Seeking Nanex
Earlier today I posted that we'd see a turnaround on the markets. Grabbed some AAPL down there and just sold it for a nice gain. Some days are so predictable. Not justifiable by any means but that's just the way this "market" works.
Why the down votes? Chasing volitity is a way to make money, too- and I see nothing in the comment that claims that AAPL is worth it's current price.
Hey Whitney, a tech stock that ain't growing is a fucking financial disaster.
Lots of competition in the pc space. Much deadwood will get burned. There will be no pc winners, only survivors.
It would be nice if the news agencies actual told us when a bailout was secretly annouced to the banks. there is no other way the entire market can turn on a dime and hve hundreds of billions go long at the same time. Fuck the SEC, Fuck the Fed, Fuck bankers.
Please, forget that buy AAPL its a guaranteed 100% return right now. You're not getting that anywhere else.
No wonder why Dell imploded. Tilson owns it.
The bigger picture is that the kids are computing on their smart phones.
It's not like they are doing work and need a keyboard or number pad.
Dashboard GPS, notebooks, and desktops may very well be the typewriters of tomorrow.
laptops need to keep getting lighter with better battery life. the power jack on pc laptops suck mightily when compared with apple. The first pc laptop with a magnetic power attachment (like AAPL) will sell a ton of them.
It looks like PMs underperformed again today.
Only because of two rounds of POMO though
Hope and Dope rally number 764.
Even Tyler has no idea what happened at 2:30
Sounds at least as plausible as the bull case for silver. Better probably.
12,496.15
-6.66 (-0.05%)
DJI
i think we are going back to the PPT pattern . At the beginning of the crisis we always were able to pull at the last 30 min.
According to Kirk Report (Charles Kirk) there were two separate POMO programs launched yesterday with obvious observed effect.
One of these days the fucking market is going to open down 150 and accelerate into oblivion by the close insteady of pussy reversing last hour.
these stupid games have got to stop.
Just think of it like the NBA. Only the last 12 minutes count.
The PC era is ending right before our eyes. Dell's (and HP's and Microsoft's and Intel's) issues are existential.
Nah. PCs are like refigerators now. Once in a while, people get excited because they got a new one, but overall, it's something that people are just expected to have, and generally not worth discussing. At this point, the improvements really only matter to the cutting-edge pros, so the market needs to correct and find a new, lower, stable value.
It's going to continue booming and busting until people get the fact that a branded pc is no more exciting than a washer/dryer combo is. Whatever the stock values are then is going to be the baseline- after that, it'll be like investing in Whirlpool. Not a terrible move, but it shouldn't be making overnight billionaires, either.
btw: what the fuck happened today?
how did the market go green ...
good loss on my shorts
Didn't you get the memo? BEnron green lighted QE4 and QE5...
no joke...
lol where ?
Greenlight Capital has been getting their asses handed to them. Is Einhorn the new Paulson?
I thought you were headlining Deli Longs from Tyson Foods - a replacement for the pink slime varieties they have been shoving down " The American People's " voracious yappers for the last decade or so. I was gonna go all Warren Buffet bullish on that investment opportunity, and all I got was this bullshit tech stock, and a loser analyst................. I'm pissed.
Dude! Your getting a Dell!
Fool me once, shame on you. Fool me twice, won't get fooled again.
http://venturebeat.com/2012/05/23/hp-plans-to-lay-off-27000-people-8-per...
Executive Bonuses all the way round! I guess Golden Parachutes are blaise, these days-- PLATINUM Bitchez!
The HP/Dell-NMCI Contract is set to start the roll-out of new computers for every workstation across DoN, including USMC. That's a LOT of new towers. Most of us were hoping that some Admiral in the Pentagon would look at the crap machines, and even crappier excuse for Service Provided, and say, "I'm paying HOW MUCH for this garbage," and pull the plug. Heavy, heavy sigh... Four more years of Navy hearts Dell. Plus, Navy pulled the plug on the last of the old, "Legacy" systems last month. So-- Long on Dell is a pretty good bet.
Some more inside poop for you.
Like I said above. Don't think your techs want you to have the best- we don't. It's whatever is easiest to pull the trigger on and subsequently maintain, and Dell fits that bill.