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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 9:30 AM EST

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To: Mike Taylor who wrote (33945)10/5/1997 4:33:00 PM
From: Paul Engel   of 186894
 
Mike - Re: "Do you have any other position other than INTC in the stock market?"

I have quite a few.

One of them is your favorite - Cyrix!

I was making money last year shorting this stock at $15 and buying it back at $13. I did this two times. I also lost a little a third time when the stock started going up - before the MediaGX was announced.

I finally went long at $17 - $18. I'm looking forward to NSM taking it over so that I can "stabilize" these profits - most likely I'll sell them.

Cyrix will probably be a real drag on NSM's earnings once NSM discovers all the write-offs that are necessary. Looking at the books and OWNING the books are two different things.

I chuckle every time I see one of Fuchi's bombastic bullsh*t messages about how great Cyrix is - he's lost a ton of money on Cyrix - buying more and more as it slid from $49 to $13. And little ol' me picking it up at around $18, making a killing! (Just add this to your Fuchi File of Forgettable Facts).

Paul
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