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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (45623)	1/15/1998 5:19:00 AM
From: Jules V	Respond to of 186894

Addi, I know how you feel. And I know what you are saying about trading because lately it does appear to make sense, and I have done a little too. However, I still think that the best thing is to be like Wayne Gretzsky (sp?) and be where the puck is going, rather than where it is. It should be a lot less hassle than watching a quotron all the time, unless you are a pro. In my opinion, Intc recent valuations are fair and less becomes a very good deal. Not to say that stock price couldn't temporarily dip on news such as Asian turmoil, but should this matter longer term with the price in a couple of years likely much much better than now. Particularly since "irrational exuberance" does not rule right now? Jules.

To: uu who wrote (45623)	1/15/1998 11:27:00 AM
From: L. Adam Latham	Respond to of 186894

Addi: Re: What it takes to trade...Three PCs Three PCs per trader! This sounds great - can you talk to all your friends and turn them into traders? Adam

To: uu who wrote (45623)	1/16/1998 8:50:00 PM
From: Mike Gordon	Respond to of 186894

Addi, I gave up long term investments several years ago when I placed my faith and money into seemly reputable brokers. After borrowing 20K and turning over to my account manager, I suffered an 8K loss in 6 months. Knowing I could do better on my own, I accepted a recommendation from my dear mother. I purchased 400 shares of Home Shopping Network at $30 and sold it 3 years later for $4. Six months after this purchase it was clear that this too was a disaster. I spent several years, 6 days a week, in a library trying to come up with a strategy which would guarantee an easy life. None exist. As of this writing, I've found that the following works best for me: 1. Establish a realistic goal and stick with it. Don't be greedy. Track, trend, and analyze daily. 2. Watch CNBC, CNNfn & the Internet. Only one computer required, even with contention from a wife and a 2 year old. 3. Establish core holdings of 500Sh or more. Manage each each module as a business and establish a rate of return. 4. Be satisfied with small profits. Enhance your return by writing calls and puts. 5. Never buy calls or puts unless they're used as insurance. 6. Share your knowledge, successes, and failures. 7. Make your investments a profit making business. I've been following these rules for 12 years now. What's important is not the capital gains, but the knowledge acquired to manage my accounts. Good management will yield 30%+ yearly. Good luck investing...