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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 35.53-1.1%3:59 PM EST

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To: JT who wrote (20922)9/11/1998 11:36:00 AM
From: Sonny McWilliams   of 27012
 
Hello JT. Nice to see you again after this long absence. Yes, I don't see how you can go wrong with PFE no matter what Viagra does. But at this time it is contributing and it looks like Europe will authorize the use pretty soon. I own PFE, Mrk and WLA. I think ML actually upgraded PFE and WLA to a buy today. I had rebought Amgn in the mid 60s last May and finally decided to sell it again a cpl weeks ago near 70. It seems it is resisting 71. But my main reason for selling was: I was reducing my margin at that time.

The techs are looking good today. CPQ and HWP are not participating. The S&P Analyst said yesterday that Dell was his top pick and if you don't own it, to buy it now. CPQ and GTW were his best second tier picks.Intc is on its way again.

I had so many plans of buying things today but this Clinton thing is holding me back. Maybe Latin America too. Hm, Brazil was down over 16% yesterday. I think I mentioned yesterday that Latin America was down 16%, it was only Brazil of course.

The Russian DUMA voted that new PM in. Maybe things will stabilize at least there. I have always said that all this stuff is like musical chairs and hopefully the game stops with Latin America.

There are still many voices that see the DOW falling below previous lows but Abby Cohen's prediction of 9300+ by the end of the year may still be a reality. But what may be in between is still making me a bit cautious of adding more. Especially after I saw those boxes wandering up the steps of Capitol Hill. And Clinton this morning vowed a vigorous defense. All that could keep the markets hostage for a while. I hear that even overseas people are worried what all that Clinton stuff will do to the markets in the next cpl of months. But maybe the market will go up in the short term, no matter what. Some of those earnings coming out in important cos. do look pretty good. Analyst's were making about the consumer cutting back but Sears said yesterday they have not noticed a change in consumer buying habits. Big ticket items still moving swiftly.

BTW, some of those banks seem to be oversold. Some say regional banks are not affected by all that turmoil. CCI does look tempting and NB has dropped a lot so you should be alright there in the long run.

Anyhow, this was MY Sermon for the day. Nice to see you again and do drop by more often.

Sonny
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