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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Frank Ellis Morris who wrote (23895)	6/22/1999 6:02:00 PM
From: Sonny McWilliams	Respond to of 27012

Hello Frank. Yes, just when you think techs and things will keep going up, there is profit taking. I guess deep down there is still that little angst about interest rates going higher, even higher than that possible 25 basis point rate hike. I don't see it. We are still the only economy that looks pretty healthy and the FED going overboard on interest rates could do damage to those fragile economies just trying to come out from under. This inflation scare is for the birds. I go with those thinking that the reason the bond got hit today is because of lots of corporate stuff coming to the market. And then, don't forget, the NAZ was only about 20 points away from a new high. I still think that tech is the way to the future. Those cyclicals, with no earnings power, will NOT get us into the next century. The internets had a nice move lately. So, profit taking by some was not that unexpected. But it did take me by surprise that it would come today after they made such a nice move and then this last hour: Sell off. I listened to Michael Murphy of The Overpriced technology fund. He said that he will be sticking with the techs and thinks that Intc got a bum rap again with this 0.18 delay from the analysts. Not quite his words. He also talked about Intel saying that this will not affect their bottom line. Actually, Intel did not fare bad in this sell off. Anyhow, he sees the techs advancing and when asked if he thought there would come a bust in techs after the boom, he said NO: There will be a boom after the boom. He talked about the internets still being in a summer slump but the better ones would come out as survivers. BTW, there was talk on CNBC that those internets could have experienced some short covering. NO KIDDING!! Anyhow, now they think that some took the resent up move as a chance to take profits. If you are wondering about CMGI. There is talk that CMGI is interested in CPQ's internet businesses, including Alta Vista. I guess that could have knocked CMGI down and moved CPQ up, even though CPQ had some other news. Can't imagine CPQ doing better without their internet sites. It was supposed to be this big thing for them. Yeah, it's discouraging at times when the market gets hit but you know that in the end the bulls will win out. And yes, the Pharmas were doing better but got caught up in that selling spree. They probably only went up today due to that Alza merger. I got on around noon time, sent one post to the main Intel thread and then could not send another post until now or at least until close to 4. I then stopped trying until now. I could read my Yahoo and things but SI must have been too busy. It has been a while that I had this kind of SI trouble. I wonder if any one else had the same experience. I was going to buy EMC today. Hm, it did not look well at the opening. After checking it out I found the news. They finally got over this HWP scare and now IBM is going into the data storage area. I guess that knocked the socks off investors. Competition coming out of left field. I decided to wait and see. I would have liked to post that earlier but, like I mentioned, I could not get on. Ok. I also replied to your PM with this post and made this a long post in case I get stopped out again. Yes, my margin does play havoc at times with my nerves. Especially when AOL drops like this. And I was waiting to reduce my margin a bit but every time I just think of it, the market goes down and I have to wait again. Maybe I should quit worrying about it. gg. Sonny