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 40.94

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2:09 PM EST

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To: Sonny McWilliams who wrote (13404)	11/19/1997 11:37:00 PM
From: TechnoWiz	Read Replies (2) of 27012

Sonny: Thanks for the comprehensive response - I put a few posts out recently but they must have got lost in the fray. Did you read my semi outlook for 98. So far so good. When you get an 8% rebound coming out of nowhere like the deathly looking lows that seemed like there was no bottom in sight, you are bound to get volatility but it generally has an upward bias for a while, which is why I was not surprised that the Dow did well today and the Nikkei had another shot at going higher. As I said a few days ago, imo most World mkts should have an upward bias for the next few weeks / months. Some of them like Korea are so bombed out they gotta go up sooner or later. As far as the Nikkei is concerned, I think Gov stepped in with a wink and a nod and words to arrest the downtrend. I am not ready to call this an orthodox bottom in the Nikkei, remember Nick (Nikkei) Leeson lost 1.5 Billion Dollars and 200 years of Financial Royalty trying to pick the bottom of the Nikkei on a dead cat bounce like this a few years ago. Sad part of it was if he'd only waited a few weeks he probably would have made 1.5 Billion and maybe a lot more. Timing is everything. This bounce in the Nikkei is a fairly good omen as it may imply that a bottom is at hand in Nikkei and there are some fundamental signs of a turnaround in certain sectors of economy. Gov certainly has the bucks to bail out econ and low yen effect will kick and drive production and exports to all those new global capitalists. As I was trying to say earlier, most people have been surprised by the dizzying heights market has already reached, and whilst we may be in a pause mode for a while, when you compare on same scale as Nikkei it gives you some semblance of the possibilities of how high mkts can climb. Some light at the end of the high tech tunnel has emerged in recent days. Imho, the rash of apparent breakthroughs in overcoming bandwitdth and speed limitation on net access etc is going to propel us to a whole new dimension in interconetivity. You ain't seen nothing yet. These new breakthroughs and new standards will soon render 56k and ISDN obsolete and are going to be the driving force of a huge new growth wave for high tech. As the net gets easier to use and more and more ubiquitous do not underestimate the growth of this monster - currently running at 100,000 new subscribers per month - This could accelerate dramatically around the World in the next few years. An interesting point to consider re: Bombed out mkts. The can bounce back quicker than you know. In 1987 the Mexican Bolsa on its old scale was at the equivalent of 3600 using the same scale as Dow being 2700. Dow fell to 1600 while Mex went to equiv of 900. Some of Mexico's current Billionaires were the ones who were buying at 900 back then. Mkt recovered to 3600 very rapidly and never looked back til 94. rgds Wiz

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