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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 45.51+10.7%Jan 9 9:30 AM EST

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To: dougjn who wrote (11780)10/20/1997 2:55:00 AM
From: Sonny McWilliams   of 27012
 
Doug, now that you added energetic and quite intelligent to it, I am sure M.H. would be pleased with that description. gg.

You called him quite intelligent and he is calling for a PE of 35 one day on Intel. So the pinball theory on WS could be in play. I like M.H. theory though. I am answering your second post here. Valuation is in the eye of the beholder and it depends on who is holding the view on what and when at the time valuations are made. There is more than valuation in stake. Commissions have to be made and it works better when you upgrade and downgrade, sometimes simultaneously. gg. Intel said it may be a little flat or just slightly up. But hey, like I have said before, some companies would give their eye teeth for this flatness. gg. I think their PE is very reasonable right now and lower than a lot of companies with flatter earnings. But I grant you, heaven knows what WS will do at times. There are only 2 1/2 months left until 1998 and I am getting ready to be there for the even better earnings. Let them drop Intel some more and see how fast I will pick up some more!!

I don't quite understand your theory on margin, knowing that you have some. Why should we watch out more than anyone else? Nothing will happen that does not happen to someone that has no margin. Yes, you might have to cough up some money for the shares you had not paid for. But losses are not greater than without margin.

This is getting too long. gg. I think I have more posts to answer.

Sonny
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