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Technology Stocks : Intel Corporation (INTC)
INTC 48.76+10.9%Jan 28 3:59 PM EST
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To: Joey Smith who wrote (23854)6/4/1997 3:03:00 PM
From: Ibexx   of 186894
 
Joey,

-OFF TOPIC SLIGHTLY-

I sold some of my bank stocks and added to my LSI position long at $38 1/2. The latter hasn't seen this price for sometime and I consider this a bargain.

If it drops a further +/- 15%, it will be alright with me.

Didn't do any thing with INTC or derivatives (namely 99LEAPS calls), having positions too large already by small investor's standard. It is currently beyond the point where my diversification principle applies.

Bought ASND earlier in the day at $47 1/4. Again, I considered this a good price and hence took action; it may or may not be the very bottom for the short term. (The momentum fund managers thought they could do market timing, yet they have been the WORST performers among all mutual funds--a lesson that will never be learned by some on the SI.)

Regards,
Ibexx
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