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

To: William Hunt who wrote (26306)	8/1/2000 5:01:10 PM
From: Sonny McWilliams	Respond to of 27012

Good afternoon Bill. Thanks for all those oil and gasoline articles. Gasoline seems to be down some. Officially it's supposed to be now "only" 28 cents higher than before all those increases started. Lately this market is a tale of 2 worlds. One day the DOW is up and the NAZ is down and the next day the NAZ is up and the DOW is down. Today it's the NAZ that is taking it on the chin. All the economic numbers, imo, have been pretty benign. But the market is now hanging on every little economic news or talk that is coming down the pike. No way to run a stock market. gg. John Bollinger said this afternoon that the market should be going up some from here on. Some analysts are saying that the DOW will be up by the end of the year but the NAZ will probably be down. And just now I listened to Bob Farrell of MER and he thinks the techs have further to go down before there will be a buying opp. around September or October in some techs. He did not mention which ones. As you can see, he does not know much more than we do but everyone hangs on every word those analysts utter. I am listening but try not to react unless I feel doomsday is on its way. Yes. If you are a day trader or any kind of trader. this market is for you right now. (Not meaning you gg) I have traded a cpl of stocks in the last months but the ones I newly bought are now under water. But so are the ones that I sold, so it was kind of a wash. As you mentioned in your PM, it makes you feel like you would want to hang up on stocks. But like you, I will just hang in there with my basic portfolio and just watch those stupid ups and downs. I am hoping that further down the road I will look back and say: Why did I fret so over this market? Everything came up roses. Well, at least that's what I am hoping I will say. This day to day stuff is starting to get on my nerves. I can't quite remember such a yo yo market over the years. Yes, we had funny markets but never with daily swings like these. Up 100 one day and down 100 the next. Like I said: A traders market. I heard that inflows into Mutual Funds were at a record last months. It makes you think where all this new money went. Maybe those managers bought a lot of those new IPO's. Intel did great yesterday but gave all of it back today. Maybe them buying this company had something to do with that. I don't know why this should be the case. They did not use their stock. They used cash for this purchase. Nothing seems to be pleasing some investors in this environment. If the company you hold stocks in announces good earnings, your stock goes only down some. If your company is a little short in 1 qtr., you get killed. I guess I could go into sav.certificates but then I would just have to complain about the little return I am getting. So we can go the very safe route or we keep on looking for greener pastures. I take the latter course. Sigh. Sonny