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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 35.10+2.3%Nov 19 3:59 PM EST

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To: Ann Janssen who wrote (18685)3/25/1998 10:22:00 PM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Ann. I am still undecided and irritated with our other stock. I never had such a hard time making up my mind on selling something when it looks like it's a dud. I think I own it for 9 months and have a loss in it. I think I told you that when it was 22 I thought of selling it but got a bit greedy. On a stock like that I generally just take my profit for my margin expenses. Now I kept it and had to sell perfectly good stuff to make up for it. gg. COMS was not too bad. It was down today so it was easier to look at.

About Orcl. You bought it a dollar cheaper but you can sell it at a dollar higher. Pretty gutsy to buy Dell at this high price. The only reason I am not selling is because I have plenty of time to make up my mind on that one and see how it will progress since I bought it in the low 80s again before the split. If I were you I would look at Csco. It is a bit cheaper and is the No.1 networking co. Coms was touted today and some money managers said it was time to buy. I don't know. I would like to see the upturn first. Every time I turned around there was something the matter with their earnings. I sold the bulk of my COMS when it was 54 and still had a nice profit. I had some losses in the last batch I sold but I made it up by buying TGO and WCOM last week.

I bought some more of my CPQ back today at 26 1/4. I will watch it and get the rest of what I sold soon. I really do believe that this whole thing will be a 1 or 2 qtr event and I don't want to miss the up move even if it goes lower again. I bought some of my CPQ back a couple of weeks ago at 29 3/4 so I am averaging down. I had sold everything at around 34.

At least Intel showed some life today. Remember to look at CPQ and Csco if you want to buy for the longer term. You should have asked me last week about Dell. It was 62 then. But I also think it has further to go. I just think that CPQ is so much cheaper and has a lot less to fall should something happen to the market.

Sonny

PS. BTW, we will have beautiful weather tomorrow. It will be in the 70s and the day after around 79. I don't want you to think that only Tony has nice weather. gg.
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