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Technology Stocks : CHPS

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To: D. Swiss who wrote (2685)1/13/1998 1:11:00 PM
From: Timoteo  Read Replies (3) of 2740
 
Congratulations to all CHPS longs for their patience. The FTC has officially cleared the deal so we will get our $17.50 (or you can take $17.30 open market). If the FTC does change their mind they could order INTC to divest CHPS but that is irrelevant to the current merger. If I could be so presumptuous, a couple good lessons:

1) There is no such thing as a sure thing. If the stock market is ruining your life, no amount of gains will make it worth while. Invest in mutual funds or play small.

2) Don't worry about day to day variations in a stock. Too many possible reasons to explain what has happened (exception to this rule being news driven movement). If you are fundamentally right, your day will come.

3) Buy/sell what you know. The internet is a great equalizer when it comes to information, but the big boys still have an edge in timing and trade execution. I felt I knew more about anti-trust law than most of the people on the street who follow the herd one way or the other. Peter Lynch had this one right- buy what you know.

Again best wishes to all.

Timoteo

FWIW with my CHPS money I am buying: TEAM, BROC, SFAM, SPAR and ALRN at current levels. C if it breaks below 30.
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