Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 41.14

-3.4%

Jan 8 3:59 PM EST

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To: Stonehenge who wrote (8152)	8/21/1997 11:53:00 AM
From: Sonny McWilliams	of 27012

Stonehenge, CPQ, credit card debt. I just told John that I believe that CPQ can double within a year from it's low. I was trying to get some more this morning on a pullback. It went the other way. All this profit taking today and CPQ is up quite a bit. I went into Telebras instead this morning. If things change drastically for the worse in the market I still have a couple of positions I can get rid of. If you sell 2 or 3 500 share lots, the margin is reduced quickly. I have been listening to consumer credit advisors since yesterday and today on CNBC and guess what? They are just finding out what I have said for some time now. Credit card debt is high because consumers are taking the money out of their cards and buying stock. The advisors are a little slow coming to this realization. When it's slow on the retail side why would credit card debt be so high? Exactly what I had discussed with Trufflette is happening. It's scary. But those advisors talking about 20% interest loans. I don't know where they have been. I am sure people are not borrowing at those interest rates. You can get it under 10. At least margin is backed up by real life stocks.ggg. Sonny

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