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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 35.83+0.2%1:23 PM EST

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To: Stonehenge who wrote (14128)12/8/1997 4:28:00 PM
From: Sonny McWilliams  Read Replies (2) of 27012
 
Hi Stonehenge, well we got a nice up-move in the NAZ today even without help from the DOW. Someone is waking up to the fact that some of those good techs are dirt cheap. Intel is buying a stake in CMGI and that should further diversify the company. Maybe one of these days the analysts won't call Intel a commodity and we get Msft's PE.

Anyhow the DOW came back some at the end too. I think you probably know that Intel was touted all over the place today on CNBC. About time.

We need more NAZ days like that. The one thing I didn't like today is the fact that you can buy options for Mutual Funds. They were explaining that a lot of Mutual Fund managers have to sit on cash sometimes and this is not in their interest ( who does not know this, investors want their money invested ) so now they can buy calls. Yeah, right. The markets have been doing fairly well in this environment ( considering the big boys buying and selling ) because in the end all that money had to be invested into stocks. That option thing will be another tool to play big with our money. What's your thought on this? I know short sellers and option traders will love it.

Sonny
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