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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: Sonny McWilliams who wrote (15212)12/29/1997 12:25:00 PM
From: W. Clinton Terry  Read Replies (1) of 27012
 
Sonny:

We are not in disagreement on the basics. We may disagree on what will happen after this rally, say from the middle of January to March or so. My current thinking is that the market will stagnate or go down, depending upon earnings. Your crystal ball is as good as mine, however. In the meantime, I am hanging onto cash and trading a few things. I would not go long yhoo or rmbs because of their p/es. If there is a serious downturn after Jaunuary, they will get hit, probably. Why risk it? The semis are not participating in this rally. Intc was down a bit last time I looked at it. Dell is not jumping forward, nor is cpq. If we can get two or three days together here, then perhaps they will move up. MSFT is going very well and will probably go up further. So the tech rally is spotty at this point, but we'll take what we can get. It would be very nice to think that we will simply go up from here, but too much damage has been caused for such a quick turn around.

Let me know if you buy anything, short or long. Yes, I remember you do not like to short and why should you when there are so many good longs around?

Clinton
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