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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 42.61+6.5%3:59 PM EST

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To: Frank Ellis Morris who wrote (26879)4/19/2001 2:19:01 PM
From: Sonny McWilliams   of 27012
 
Frank. IBM and AOL DID come in great yesterday. AOL had a good report in the morning and then the interest rate cut put the icing on the cake. Lots of cos. came in surprisingly well after hours last night. The big stand out, of course, was IBM and Apple was no slouch either.

The NAS has been up all day but the DOW is laboring a bit. But after the FED VICE Chairman's speech (read my post to Bill and thread) maybe things will keep on going.

There was an interesting item on the tube. The CEO of MSTR is calling for his shareholders to take all their shares out of street name so the shorts cannot borrow the cos. stock. Again: Pretty interesting. It worked for this stock this morning. It's up over 50 percent. I guess the shorts are covering just in case stockholders follow the cos. advice. Maybe some of our cos. should do the same thing. It seems to work better when this advice comes directly from the officers of the cos. I have always said that shorting should not be allowed. It would stop some of this volatility.

I am pretty sure that some of the cos. actually want their stock to go down some. That gives them a chance to buy options for their employees on the cheap. Maybe we should be doing this on our own when we see a big short position in our stocks. If everyone would do this, it would teach those shorts a lesson. I hate it when they make money at my expense. Let them sell their own stocks, not mine.

WOW. LOOKS LIKE THAT FED VICE CHAIRMAN'S STATEMENT PUT SOME FIRE UNDER THE DOW AND THE NAS IS EVEN HIGHER.
Sonny
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