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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 (13114)	11/12/1997 10:03:00 PM
From: Sonki	Read Replies (1) \| Respond to of 27012

frank, I had a huge % in wintelco, i did not realize that untill i started to get organized. sometimes i even forget what i have where and how much. Frank, I had a huge % in wintelco, i did not realize that untill i started to get organized. sometimes i even forget what i have where and how much. Do you know what % is wintelco? in your portfolio? According to Brinker : limit your investment not more then 4% of any given company UNLESS you understand or work at the place, then you can have up to 10%. I modified for myself to have wintel > 10% but less then 20% for other stocks(cpq, dell etc ) it should 5-10% . as an example i did this for partial positons in dell. for e.g. i have dell40 due in 99 for which i paid $10 * 1000 = 10k. i sold dell90 99 to some one i got $20 * 500 = 10k. (approx, don't remeber). ( i only straddle half of my dells) i did this when dell was approx. 85. just recently. So at this point i have put out $0 investment in delL for 500 dells. in jan 99 some one will pay me $90 take dell from which i will pay $40. input_to_me := 90500 = $45000 in jan 99 output_from_me := 40500 = 20k to own dell output_from_me2 := 40*500 = 20k to buy dell for someone else. so total output from me will be -5k to own dell free and clear for rest of my life. if dell tanks to 50-60 in near term, then i will buy back the $20 position that i sold. I did the same w. csco a day before they announced as i thought it was overvalued at 50pe. So i sold covered call leaps. sure enuf csco is loosing steam. i will not buy back any of these companies unless i get them really cheap. my timing was horrible on amat, i bot at 50 and sold at 40 oh well. i wished i had done the same. amat is tempting now but could go lower. remember, i told u something about amat a while back when it was going great. anyway, i m not perticularly attached to any of these companies except wintel. i have another new idea... there are several index paritcipation securties you can buy they move up with index (russel, sp, dow etc) but you have 0 down side. seems like the only safe thing. i m trying to findout what could be the disadvantage for such a thing.