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

To: billwot who wrote (15751)	1/7/1998 5:06:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

billwot, after checking all my transactions in 97 and the statements I think I was up in the very low 1 digit not counting my self directed Ira and Pension plan. Those did well. My Ira had Intel stock and warrants, umm, at one point 3Com/Usrx which was sold at a nice profit to buy PBI and that went up nicely, so I had a 30% gain in that account despite Intel. The other personal accounts had been up about 140% at one time, counting margin, before dropping to the very low digits. I have not checked the excact prozentage. Still too disgusted with it. Intel, APM, 3COM and a cpl. of others did me in at the end. So, I don't think the buy and hold theory works every year. Like I mentioned in a previous post, paying the taxman on some profits would have been cheap . I used to take some profits even in Intel but decided against that in 1997. Things just looked better than it ended up. But I take 1997 over 1987 any time. gg. I am watching APM. I did finally sell it Dec.31 for a tax loss, to offset gains, but with the idea of buying it back after 30 days. So I did not like the upturn immediately after I sold it. I am actually happy to see it down the last cpl. of days. I think with this low PE, here we go again with that one, I think it is a buy. At 11 it only had 11 points to go to 0 and I do not think this will be happening. I will let you know if I get it back once the 30 days are over. Depends where it is at. I do believe the market will be going up. Today was a good day, with all this worrying going on, for the big boys to take profit. You see what happened at the end. I think the best indicator of the market will be when the NFC will win the Superbowl again. gg. It has been working the majority of the time. Big boys will have a tough time going against that. It worked until end of Sept. And the market as a whole was up nicely, just not my or our techs. Go NFC Sonny