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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 (24152)8/3/1999 1:02:00 AM
From: Sonny McWilliams  Respond to of 27012
 
Hello Frank. Yes, lots of investors are playing the seasonal game. Selling in April, May or June and buying in the fall. I used to sell some of my more volatile positions right after April but did not follow through this year. In hindsight I should have stuck to this strategy. I did not want to pay the cap. tax and then there is always the problem for me on when to get back in. One reason I still don't have Csco, Msft and some others I sold. So I decided to stick with the buy and hold theory this time around. I will see how it works and act accordingly next year. I hate to sell anything now even though it looks like things could go lower. My fears of this stupid trade fig. and the dollar moving up has come to pass. This is when I worry a bit about inflation. But maybe it's a temporary thing. Of course I still do a little buy and sell when the opp. arises. I am hoping that the techs will keep on moving. The nets still look a bit weak and I am watching some of my paper profits go down the drain. A cpl more months and things should look better in that sector. Everybody is talking again about 1 or more rate hikes. That is putting a damper on this summer rally. I am not even sure if we had a summer rally or will still get one. Whatever the case may be I am hoping that the market will hit its high before the year is over.

Intel was a bright spot today.

Yes, the weather here is a lot better also. But I am still staying out of this heat. That had to be pretty hard on you. My wife already drinks bottled Spring Water from overseas and we are stacking up some more tomorrow. She thinks she is conserving our water over here that way. gg.

Congrats on being able to play with kids toys soon. That should keep your mind off stocks. It did not help me though. Boy or girl?

Sonny