IS INTC A GROWTH STOCK? Message Board

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Technology Stocks : IS INTC A GROWTH STOCK?

INTC 37.67

+1.1%

9:51 AM EST

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To: Yaacov who wrote (23)	5/4/1997 1:05:00 AM
From: Kevin	of 243

Yaacov, I read the article on computer sales in Europe. Business climate does not look good in your neck of the woods. Perhaps the "central currency" will help? Since Intel is at capacity the best scenerio would be for Europe to pick up as the U.S. slows down over the next 1-2 years. In regards to Microsoft and Cisco, i have traded Microsoft a number of times over the past 2-3 months but have never owned Cisco. I really do not have enough knowledge regarding what it is Cisco sells so I have no way of evaluating the company and get to the point that I would be comfortable with the stock even in a downdraft. I may have written the following to you before, I do not remember. I recently sold the family business I took over in 1982. I was always so busy that I never had the time to keep up on the market. Looking back now 15 years and 6200 Dow points later I am always punishing myself for what I have missed. On the other hand, because I put the business first I was able to grow it to the point that they were breaking down my door with offers to buy me out. The rest is history. To make a long story short, I am 32 years old, retired and sitting on a pile of cash that has to now provide me and my family with an income that will maintain us in our modest lifestyle. There is no way I would be able to sleep at night putting a large amount of money into the market at it's highs or even when it was down by the 10% we saw. I will wait for the next bear market to invest in the stock market. However, I do hold short-term large positions in Intel and a few other blue chips while the trend is up but sell when ever the market goes back to a downtrend. What i do is keep my money in U.S.Treasury instruments ranging from 2-10 years in duration. These are in a margin account where I place my stock purchases. This way when I want to be in stocks I borrow against the bonds/notes on margin. The interest from the bonds/notes covers the margin interset9tax deduction) charged to me. The day I sell my stocks I am right back to pocketing +/-7% risk free. Lately I have had some nice capital gains in the bonds/notes too. For a while I was doing well day trading but it was too stressful. Yaacov,if I had big or important money in the market there is no way in the world I would "hold for the long haul" if the market turned bearish. I would be the first person out the exit door. The people who believe they can truely hold a big position in the market while they watch it go down, down, down are going to be in for a big shock when the day comes. km

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