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VICTORIA GATE,MD,I loaded up the boat today: INTCW@49.5,NEWBRIDGE NETWORKS @33.4andVIVUS@10 !!!.
I am not waiting till the last minute !!!
Reasons:
I think there will be a Jan 1sst rally.
Asia problems seem to be resolving ( at least near term, gg, next 30 days, gg, MY time horizon)
Japan has -248 bill funds ( taxpayers got the shaft as ususal ).
-Giant foreign cash reaserves.
Their econo0my won't go anywhere but it will not default.
S.Korea is also being bailed out by the international/US taxpayer. Nobody will let Korea default
Too much is at stake.
Technology will win win again.
I love INTC's Merced/Sun Micro workstation coming up.INTC down 30% is a nice discount.
Newbridge is the only networker working on a, get this, 700 Gigabyte ATM switch with Siemens. The
competition's closest is about 10 GB for now. ( somebody correct me if I am wrong ). The Telcos
HAVE to start upgrading for the Internet soon or they will be left behind.
Vivus tax selling will be over in 2 more trading days.THE SHORTS will start covering Jan 1 st to put their
Tax gains out another 12 months into 1998.
Happy New Year.
TA
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PS : this is in reply to your post, "
RE<I have been forced to re evaluate my INTC investment in view of Asian meltdown.Sold all my poition this am; I sold 90%of all my stock positions at noon today >
Human nature seem always do the wrong way while the right way out there.
Time will tell"
< GG> It's been only a weeK since my complete getting out of market and now I am back in 100%!!! well a syou know, in medicine sometimes ( read, often ) , things move fast and you have to make fast decisions.
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