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

To: Sonny McWilliams who wrote (26805)	2/26/2001 3:37:20 PM
From: William Hunt	Read Replies (1) \| Respond to of 27012

Sonny ---something to tuck away for reference : INVESTING 101 Words of wisdom from Benjamin Graham, the so-called father of value investing, most widely known now as the guru of legendary U.S. investor Warren Buffett. Here are a few tips from his preachings: - Be an investor, not a speculator. Buy only at prices amply supported by underlying value. Reduce holdings when the investment enters the speculative phase. - "An investment operation is one which, on thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative." (From Graham's classic book Security Analysis) - Know the asking price. Multiply the company's share price by the number of shares. If you were to buy the whole company, would it be worth that much? - Scour for bargains. Graham's net current asset value formula subtracts all liabilities from current assets. Buy below that value, per share. - Be suspicious of corporate figures. It's a company's future earnings that drive its share price higher but projections are based on current numbers. Current earnings are often manipulated by creative accountancy. Read the footnotes to financial statements. - Diversify. Investors should always have, according to Graham, a minimum of 25 per cent of their portfolios in bonds or bond equivalents and 25 per cent in common stocks. The other 50 per cent can be divided between the two types of investments depending on price. When stocks are high, sell them and buy bonds. When stocks fall, sell bonds and buy stocks at bargain prices. - Stick to quality. Companies with good earnings, solid dividend histories, low debt and reasonable price-earnings ratios are best. BEST WISHES BILL

To: Sonny McWilliams who wrote (26805)	2/26/2001 10:24:29 PM
From: Sonki	Respond to of 27012

hi sonny, still holding a bag of dell, good to see dell is on the righ side of MER. I have been watching vix and vxn index and % differences between them. Last friday there was more fear in vix vs. VXN (naz 100). Both spy and qqq did well today. When vix gets to 35-40 level i read that we shd get 15++% rally in naz. Last friday lots of people must have shorted naz as it broke support. I got in to emc at mid level (42.x), I could not pull the trigger fast enuf. I did pickup some QQQ calls. Did u see wcom is picking up some steam? I wish i could come on thread more often but i learnt last week that for me retireing means getting tired all over again. I am wrking very hard trying to learn some TA and also learning/reading about jnpr, brcd etc. Internet build outs will continue and we r gettting an oppurtunity to re-position into these great companies. Pretty much what ever u buy, it's going to down but we should make mony in just about everything from this level ( i hope).

To: Sonny McWilliams who wrote (26805)	2/27/2001 3:41:39 AM
From: William Hunt	Respond to of 27012

Sonny---at least they are talkng about energy (no hydrogen): Senate GOP Presents Energy Bill Monday, February 26, 2001 E-mail This Story WASHINGTON — Senate Republicans introduced an industry-friendly energy bill Monday, calling the nation's energy problems the greatest threat to economic growth. They promised action by summer. The bill, already sharply criticized by many Democrats, calls for new tax and regulatory incentives for oil and natural gas production, including opening an Arctic wildlife refuge in Alaska to drilling. The legislation also would expand programs to help low-income families cope with energy bills, provide new tax incentives for renewable energy sources such as wind and solar and provide a tax break for buying ultra-efficient cars, homes and appliances. Still, most environmentalists denounced the legislation, and energy-efficiency proponents said it is too heavily focused on production rather than conservation. The Sierra Club called it "a giveaway for fossil fuel producers." While Sen. John Breaux, D-La., joined as a co-sponsor, some Democrats already have promised to filibuster the measure if the provision for oil drilling in the Arctic National Wildlife Refuge is not removed. Senate Majority Leader Trent Lott, R-Miss., said he hoped an energy package will be voted on by the full Senate sometime this summer, but that no action would be taken before the White House completes its long-term energy package. Lott, at a news conference unveiling the GOP bill, said "we're heading for trouble" without a broad energy plan that promotes production, adding "it's not enough to encourage conservation." He said the country is facing "an energy crisis" that, if not addressed, will pose "the greatest threat the future economic prosperity in this country." The bill, crafted by Sen. Frank Murkowski, R-Alaska, would do little to address the most immediate energy concerns — soaring natural gas prices nationwide and California electricity shortages that threaten to spill over to other western states this summer. Murkowski acknowledged that the measure is designed to address the long-term problem of growing U.S. dependence on foreign oil. The bill seeks to reduce such dependence from 56 percent to 50 percent over the next 10 years. Calling the legislation "balanced" between conservation and production, Murkowski rejected criticism that it would primarily benefit already profitable oil companies. "This isn't a tax bill favoring Big Oil," said Murkowski, a close congressional ally of the oil industry. He said the tax benefits are aimed at small independent producers and development of marginal "stripper" wells. Murkowski said the country needs the estimated 11 billion to 16 billion barrels of oil believed to be beneath the 1.5 million acre coastal plain of the Arctic National Wildlife Refuge in northeastern Alaska. And, he insisted, the oil can be developed using current technology without harming the environment. Drilling in the refuge, which is the summer calving grounds for caribou and the season home to other wildlife including millions of migrating birds, has been strongly opposed for years by environmentalists. New oil production is needed to protect national security, Murkowski said. A number of senators, including Sen. John Kerry, D-Mass., have said that they will use every parliamentary tool available including a filibuster, to block legislation including a refuge drilling provision. In addition to drilling in the Arctic refuge, the legislation also includes provisions to: — Provide tax breaks for small oil producers and construction of new refineries. — Streamline permitting processes for oil and gas pipelines. — Review the adequacy of electricity generation and power transmission grids. — Expand research and development of clean coal technology and tax incentives for use of such technology in current coal-burning power plants. — Promote research into new-generation nuclear power plants and speed up construction of a nuclear waste facility. — Introduce tax incentives for consumers who purchase automobiles that achieve 50 miles per gallon or more, or purchase ultra-fuel efficient homes and appliances. BEST WISHES BILL

To: Sonny McWilliams who wrote (26805)	2/27/2001 1:27:17 PM
From: William Hunt	Read Replies (1) \| Respond to of 27012

Sonny ---read before you buy : msdw.com BEST WISHES BILL

To: Sonny McWilliams who wrote (26805)	2/27/2001 3:29:16 PM
From: William Hunt	Respond to of 27012

Sonny ---sounds like they have a better idea about what is needed than the people in Congress ---notice this does not include the Reserve that everyone wants to protect plus natural gas is really a hydrogen base alternative :02/27 11:31 Governors Endorse Alaska Gas Pipeline, Drilling on Public Land By Jim Polson Washington, Feb. 27 (Bloomberg) -- U.S. governors meeting in Washington endorsed accelerated gas exploration on public lands and construction of a natural-gas pipeline from Alaska's North Slope along the Alaska Highway south to major U.S. markets. The resolution fell short of endorsing drilling in the Alaska National Wildlife Refuge, a move opposed by environmental groups and favored by Alaska Governor Tony Knowles, who co-wrote the proposal with Oklahoma Governor Frank Keating. In a voice vote, governors also called on the Federal Energy Regulatory Commission to speed up the process of granting permits to expand natural-gas production and enlarge gas pipelines. Gas shortages have sent prices soaring in the U.S. this winter. The resolution is a first step toward an agreement by the governors on a comprehensive energy policy, Keating said. Keating is leading that effort, and aims for adoption at the governors' summer conference in August. ``Assign your most senior staff to this,'' Keating told his fellow governors. ``I know the (Bush) administration would be anxious to hear from us.'' President George W. Bush has appointed Vice President Dick Cheney to lead a national energy policy task force. Governors met with Bush, Energy Secretary Spencer Abraham, and other cabinet secretaries yesterday. Citing a ``crisis in domestic natural-gas production,'' the resolution urges completion of an Alaska pipeline through Canada, a project first proposed in 1970. The cost of the building the pipeline, which some estimates now put at $10 billion, couldn't be justified by low gas prices in the 1980s and 1990s. Sustained higher prices and rising U.S. demand have renewed interest in a gas pipeline by oil companies operating in Alaska, including Exxon Mobil Corp., BP Amoco Plc and Phillips Petroleum Co. Gas prices on the New York Mercantile Exchange are double those of a year ago. In December, they were four times higher than a year earlier. Alaska has 122.6 trillion cubic feet of gas reserves in its offshore fields alone, the U.S. Minerals Management Service estimates. The gas can't reach large U.S. markets because no pipelines have been built to transport it. U.S. demand for natural gas is expected to rise 42 percent to 30 trillion cubic feet per year by 2015, the resolution says. About 95 percent of new power plants planned or under construction in the U.S. would burn natural gas, said Matthew Smith, director of energy industry consulting for Arthur Andersen LLP. Alaska Senator Frank Murkowski, chairman of the Senate Energy Committee, introduced a bill yesterday that would allow drilling in the Arctic National Wildlife Refuge. BEST WISHES BILL