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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Yaacov who wrote (25799)4/6/2000 4:25:00 PM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Yaacov. Yes. I have always said that you need to buy stocks for the long term. But in this day and age, with everything moving so fast, I reevaluate my positions once they reach the long term status. 1 year. If something fundamental happens to the company, like earnings shortfall for sev. qtrs or so, I generally sell part of my positions now, depending on the company, and pick it up later again.

I still have some margin and do some trading therefore. I guess I will still do some trading once I eliminate my margin. One of these days I will get rid of it. gg. It was getting a bit scary with this last downturn but luckily I was never in danger of a margin call. I knew better once the market went that high.

I still have all my shares of AOL which I accumulated since end of 98. I will not sell any of these any time soon.

Kind of a roller coaster market again today. First it was down, then up big time, retreated and back up for nice gains. Not bad.

I am disappointed in my Yahoo stock but it got upgrades today for up to a target price of 300 and it was down big time. You just never know what investors look at. Even when the company has great earnings and top line growth. 2 weeks ago this would have been a 50 point move to the upside for Yhoo and not 12 points down. gg.

Oh yes. Volatility will be with us until Greenspan decides he has been important enough. This fighting inflation stuff is for the birds. I guess if he has enough years left he may see some inflation. gg. I can't believe it's bad for us when people have jobs. I noticed that Europe left rates alone and the markets have come back.

Sonny
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