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To: Brian Malloy who wrote (25026)12/29/1999 10:39:00 PM
From: Sonny McWilliams  Read Replies (2) | Respond to of 27012
 
Hello Brian. Thanks for info on CMRC. I don't fear freeing of lockups. Problem is that there is selling going on most of the time when shares do come out of the lockup. I bought ASKJ not too long before the undoing of the lock up. It looked cheap at 130. And look at it now. I was going to sell some to reduce my margin and offset some of my profits with it, but maybe I won't. I can't make up my mind what to sell. I will probably take it all to the new millennium.

Now. One more time about margin. I only have margin accounts not counting IRA's. ( I did reduce them quite a bit )It does not matter if I buy CMRC or any other stock on margin or not. It will be in a margin account even if I have not used the margin. Yes. When the time comes to sell, you may have to sell too early and may lose out on a big run. QCOM comes to mind. But if you did not have the money to buy more stocks outright and bought on margin, it is better to sell too soon than not have bought in the first place. Of course it pays if you have more winners than losers gg and it worked great this past year. It is really not as complicated as it sounds. You do have to be careful not to overdo it when the market is high. And in a margin account you can sell or buy anything you like. It is not stock specific.

The NAZ went crazy today. I told myself: What next? And now look at Globex futures at this time. Unbelievable. NAZ 100 up over 1500, E-NAZ up over 1700. But all this can change by morning. But judging by the after market, it could be another rocking day tomorrow.

I am hoping to pick up CMRC under 200. Missed the boat on QCOM after I sold. I did not HAVE to sell but thought I would take a little profit and get in lower. Sigh. What do you think about this supposedly other QCOM - CYBERSPACE?

I had some nice movers today. Nokia and Vrsn. But of course everything paled compared to QCOM. Basically a bit nutty. gg.

BTW . Most of my stocks are now long term. You know I don't buy options. Maybe I will try it next year. At least the leaps. I said that at the end of last year also. My margin has worked well but maybe options will be better in the coming year. It is getting to the point where I may give up my margin totally. I got plenty available right now but am not using it. I am pretty bad. Most available cash goes into the market. It better not crash before I am ready. gg.

Sonny

PS. AOl mentioned.

dailynews.yahoo.com

QCOM etc. I hope this guy mentions some of my stocks tomorrow.

cbs.marketwatch.com