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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST

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To: Defrocked who wrote (33443)10/3/1997 10:08:00 AM
From: Defrocked   of 186894
 
FWIW Stay cautious and fight euphoria.

While I am pleased with today's opening market action
I will be using this rally to reduce my margin positions
for the first time in about three years. I am still bulllish
equities and will continued fully invested, especially in
INTC, albeit on on unmargined basis (excluding a "few"
Jan '00 leaps here and there).

I advise caution because some warning flags have been
raised through recent activity in other markets. Notably
gold, over $330, and crude oil,approaching $22.

Prudency demands I now take some money off the table.
Other investors and portfolio managers may also given
this year's phenomenal returns. I am not tremendously bearish
and have been looking for 6% or lower long bond rates for
some time now. On the other hand I believe now is the time
to de-lever and hold some ammunition aside.

Just my 2 cents....
Good investing all.
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