Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 39.85

-3.8%

11:46 AM EST

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To: Frank Ellis Morris who wrote (21814)	12/10/1998 12:49:00 PM
From: Sonny McWilliams	Read Replies (1) of 27012

Frank. Yes, we will see the day, hopefully, where the NAZ goes up 60 points again. We have seen it already but no dice today. gg. Thanks for congratulations on CPQ. If I had looked in my crystal ball I would have bought today. Frank, concerning my margin. I have a margin account, so once I buy on margin everything bought thereafter is bought on margin. Let's say you buy 5000 dollars on margin and your portfolio goes up by 5000 dollars, you are not on margin anymore. If none of your stocks in your portfolio go up, your margined stock would have to double before you off margin. And you need a little more if you count the interest. If you buy a stock on margin at 8% interest, your stock will have to go up 9% before you make 1 % profit. So you have to pick a stock you feel that will go up at least 9% for the year to make some profit and 8% to come out even. If you are holding the stocks you bought for 5 years, I am sure that you would make double your money even with interest. Of course, we never know for sure what the market will do, so my saying: I am sure, is really hypothetical. Sonny

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