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 37.89

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Nov 12 3:59 PM EST

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To: Sonny McWilliams who wrote (23467)	4/19/1999 6:37:00 PM
From: Frank Ellis Morris	Read Replies (1) of 27012

Good Evening Sonny, It has been a most horrendous day and I think my portfolio saw the biggest single day drop in all my history of investing. Today's panic selling of techs seemed evident to me early this morning. I hate when the S+P futures are high before the market opens. Most of the time it signals selling and the results are sometimes extreme if not just plain radical. I think the Net stocks suffered one of the biggest single day declines ever. I am sorry that you had to sell Compaq at a loss but I can certainly understand the need to be careful about margin. When Compaq starts to turn around maybe you will feel comfortable about getting back in. It was because of the heavy position I have with Dell that I sold off my margin with AOL a couple months back. Last week while in Vegas I did keep my eye on the market and did not like the fact that the Dow was climbing new highs while the S+P 500, health care stocks and the Nasdaq tech stocks were falling. I do not think that there that the rotation is worth trying to time the market. I just get wacked every time I do. I am hoping that Microsoft may help to turn things around when they announce their earnings. I did not like that smart ass and his comments about Linux crushing Microsoft. I think he was being nothing more than an arrogant creep. Mr.Gates now has some work cut out to do. Times like this test our courage and it is hard to stay the course when everyone seems like they are jumping ship. Those that stay the course achieve wealth and other fall by the way side. I hope that one way or another things get better soon. I do not know of anything better for the long term then solid investing in equities. Have a good evening Later Frank

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