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

To: Yaacov who wrote (12978)	11/9/1997 5:16:00 PM
From: TechnoWiz	Read Replies (1) \| Respond to of 27012

Hi Yaacov: You have a nice stable of stocks in your corner over there in it/switz. I used to have that mindset about selling after a 50% move in 6 mos, but I learned my lesson to "NEVER SELL A WINNER" after buying CCI at $10 in '91. I thought I was a genius until I sold and watched that stock continue to soar. So now I always try to stay abouard for as long as I can and I let the market take me out. I'm not shy about getting back in following a correction either. I am reasonably comfortable with the idea that we are in short term bottoming territory in regds to INTC, MSFT and CSCO. However, I am a little concerned about both DELL and CPQ because they have rallied tremendously and having been acting very poorly of late. I don't really like the developing structure on either of these two stocks. I'm not ruling out a bounce or retest but I expect some selling to resume on anything beyond a $5 dollar pop in either case. We'll have to see what it looks like if and when that occurs. It may take some time to work off the excesses in these stocks and right now the mkt has become obsessed with this $1000 cpt thing in spite of DELL's best seller being closer to $2499 type PII models. I think there is a huge mkt in the third world to soak up these cheaper models and excess inventory, in fact when all this angst over Asia blows over there is still the distinct possibility that a shortage of manufacturing capacity could develop. The third world is so undercomputerized it boggles the mind. As cpts get cheaper it just expands the mkt exponentially and then the obsolescence factor kicks in and begins a whole new cycle of upgrades. Viz.. What has happened in the US over the last 10 years is going to happen in the rest of the world over the next 5 years on a much more massive scale, and in a kind amplified compacted fashion. In other words the speed of these developments are likely to create a much bigger impact than anything we have witnessed before or since the advent of Windows 95. There are still millions of computers worldwide still running on DOS or W 3.1. rgds TWiz