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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (1601)	12/19/1997 8:49:00 PM
From: Intel Trader	Read Replies (1) \| Respond to of 11051

da da da Trio. Re earlier discussion from JT, DJ, Berney and others re why we bought over last couple of months and held: we expected based on how we were conditioned over the last couple of years that things wouldn't wreck as badly as they ahve, and that things would pick right up. I think that they will pick up since we aren't at the end of the bull cycle yet. Even in a bear market, growth companies that have their schitt together like Intel will do fine. Our timing over the events of the past couple of years has been rather good collectively. The mistakes came recently, but still in the long run our convictions will prove us right. A week or so ago I increased my position by 50% in INTCW (in at 55), and that brought my avg cost from 72 to 66. I can still sell the 50% stake that I bought, and ride back up to my initial entry point to break even, without a profit from this latest market activity. Or I can ride the 50% up to 72 to make some nice bucks. I'll only know when the time comes, and that might not be for a couple of weeks yet. BWDIK, today may have been a reversal and a massive ralley is in store for us in the next couple of weeks (wishful thinking right ?!). In the short term our thinking is that the market may go south. It might, and it might not, but it will change, and no one knows when that will be. As JT remarked recently, optimism is necessary. I still agree with your notion that there is no need to pay for the luxury of education DJ, and I must tell you that I no longer intend to suffer as much as recently because I won't make the magnitude of the bets that I did. Peace to all the brother dudes, it Hey boys tonight we get away... Chris de Burgh