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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 43.48+8.6%Dec 2 3:59 PM EST
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To: Dave Carlton who wrote (17626)2/19/1998 12:19:00 AM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Dave. GLM. I forgot to mention this in my last post to you. I sold my GLM today along with APA and ENE. I had bought in again at 21 and decided to take the profit. I saw some charts yesterday on TV by an oil analyst and some of those stocks showed a w and then they went down some from there. Most of those stocks seem to be sitting on the cruical 50 and 200 day moving average. I think that is the reason that there was some sell off yesterday. The big players don't want to sit on those stocks with not much profit and then see them go down. I probably should have held GLM a bit longer. Last time I rode it from the mid 20s to, I think, 36 and back to around 31 where I sold it. I have done this sev. times with GLM. I don't know if you read some of the posts where I have said that I do have to trade some since I am almost fully margined. I always keep my eye on GLM and will pick it up again. I am waiting for the conversion of this ship to deep water drilling. And then the oil prices were higher today. But I think this was in response to the Saudis crying about low oil prices. Maybe something will be done about it but maybe not. Russia seems to be coming on more with oil. Anyhow, I chickened out and could regret it. gg.

Sonny
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