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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 48.59-1.3%Feb 4 3:59 PM EST

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To: Bob Millsap who wrote (9159)9/7/1997 12:44:00 AM
From: Sonny McWilliams   of 27012
 
Bob. About you being down on your Oct. calls. This is the reason I don't do options. At least I would not consider short term ones, its too nerve wrecking for me.

I am not sure what to say on Coms short term. It was up 1 point on Friday. I have it long term and got in thru USRX, so my cost basis is still lower than 50. I am hoping for at least 60 again in the next couple of months or maybe more if the earnings come in alright and they don't project slower growth again.

Yes, I am in APM and I feel most comfortable with that DD, but WDC is a buy also IMO. SEG keeps going up here and there. I can't figure out why. I would take it easy on this one compared to the ones mentioned.

The techs worry you right now? Well, I am getting worried about everything. I think the market should go up, but that doesn't mean a thing. gg.

I think there is still capital gains tax selling, insiders don't buy much and Greenspan is still keeping an eye on inflation - low unemployment. What I got out of his speech is that he is not sure which way things will go and if things are different now than they used to be. If he does not know, who would? I don't like this kind of talk: I think everything is ok but I don't know. Hm, very reassuring like always!!! So we can think every which way? Just keep your eyes on the growth rate when buying. This was this weekends sermon on the FED etc. gg

I think Intel is always a good bet. If it comes down, it will go up again. But chip sales are booming so Intel should be ok. I like CPQ, the disks, dell and Amat if it pulls back some more. I would like to buy it around 90, but if the market goes up it could be some wait.gg.

Sonny
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