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 44.06

-3.2%

3:59 PM EST

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To: margaret tasset who wrote (11646)	10/18/1997 12:43:00 AM
From: dougjn	of 27012

Hi Margret, got back in and hitting the machine before beddie bye. Well I was being flip of course. It was quite an a amazing blood bath... the week, really, given the lack of any basic general problem out there. Sure the market was due to correct. Sure Intel's product transition is a little extended. And sure we are in a sideways trading market overall environment, and had gotten to the op of it, with bonds also at the top of their --newly lower -- one. But the bloody 50 pts down on the Nasdaq intra day after two days of tech wrecking ... for no very good systemic reason... was, well ridiculous. To me. (Not that I think we are completely out of the woods but we won't have any more near panic down days this go around, I don't think.) This one was I admit pretty easy for me because I simply couldn't take it seriously. I had gotten rid of virtually all margin in anticipation...I saw signs, and my philosophy with stuff on margin is get it DOWN if I think there is any real chance of a strong downdraft...even if I need to catch early signs of four of the last 2 crashes, etc. (Which hasn't been true, but it could be in future.) But don't get me wrong. I was and still am pretty fully invested, just not margined. And of course my paper losses over the last week -- from where I was a week ago -- is some pretty serious money. But I don't pay any attention to that. I focus on getting even better positoned for forward long term gains. By seizing the buying opportunities. The REAL ones. Thats what I try to focus on. WHich makes me almost welcome events like today, personally. And two or three months from here I'll be WAY ahead of even were I was a week ago. Anyway, that's what I try to do and so far its working out pretty well. Also I guess I like to be proactive when bad stuff is happening. Regards, Doug

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