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Politics : Formerly About Advanced Micro Devices

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To: Kevin K. Spurway who wrote (57756)5/10/1999 3:57:00 PM
From: Burt Masnick  Read Replies (1) of 1573960
 
Intel had a sensational runup through August of 97. For those inclined to get in and out of stocks frequently that was, in retrospect, a good point to sell and then buy back in at lower prices later on (assuming no tax consequences and perfect timing on the reentry). A $1500 investment in Intel in 1982 turned into substantially over $100,000 today. That comes to well over 28% compounded growth over that period. I have made other investments in Intel that have been better percentage performers. By my standards, fine. By Humble Carl's standards, very weak - though he uses leverage and has had some heart stopping (for me they would be) margin calls. If I had listened to Albert and a host of others for the last few years I would have dumped Intel and jumped into AMD. By my methods of calculations their predictions were lousy and their investment advice was pretty near dead wrong (unless you were a very nimble investor with impeccable timing both on the up and the down side - not my style). I particularly remember Albert's advice when AMD was around 29. Buy, buy , buy. Unfortuately that would correspond to bye, bye, bye to your capital, at least up to this point.

Good investing,
Burt
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