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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 35.89+4.0%3:16 PM EST

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To: margaret tasset who wrote (20638)8/24/1998 2:10:00 AM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Hi Margaret. No, I was not on a secret mission. gg. Just took my stepdaughter and the grandchildren on sightseeing trips and took them to Ocean City. Things are almost back to normal on my end.

I will post to you later today some more but want to reply to your comment on CPQ real quick. I don't think that everyone has been selling CPQ since you bought it. You never did mention at what price you bought CPQ, or maybe I just don't remember. In any event, CPQ is at 35+ and therefore hardly a dud. My daughter and grandchildren still own CPQ and I will again shortly. As I mentioned to you: The only reason for selling CPQ was that I owned a big chunk and had moderate profits in it and with that uncertainty late last week I wanted to reduce my margin. The fastest way to do this was to sell my CPQ and some Intel. Both stocks went a bit higher after I sold. So you should thank me. gg. Since you are holding all your stocks long term I would not worry about CPQ. Should the market go lower, CPQ will probably go down less than the rest. I could have sold WCOM, Dell, Lu or whatever. Again, I chose CPQ because I owned quite a bit and it is cheaper commission wise to get out of 1 stock than lots of stocks and it is quicker to get in and out that way also. Had I known for sure that the market would come back that much on Friday I would have stayed put. But that is the price you have to pay sometimes when you are fully margined.

BTW, here are some additional stocks that are being touted. The name of the game now is to get first tier stocks:

Csco, WCOM, LU, TRV, NB, GM, Msft, Intel ( I did not hear CPQ mentioned as a first tier stock but it is touted by many). There are a cpl more but it is late and I can't remember them right now. I will post to you later today again.

Sonny

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