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

To: Ann Janssen who wrote (16712)	1/27/1998 1:18:00 PM
From: JT	Read Replies (1) \| Respond to of 27012

Ann: Great minds think alike. Mark and David are probably nice guys. I don't like getting angry. It is a waste resources. I very rarely go to the other threads because of the anger and negativity. I am all for objective opinions but some of these threads are like listening to a bunch of frat boys talking smack at a keg party. There is a time and place for smack ( ie., on the blacktop as you take a brother to the hole), but not here. Back to stocks. I wish I could give you some guidance on MSFT but I have no idea what to tell you. I will tell you my story. On February 4th 1997 I purchade my first stocks: Intel, MSFT,GE and KO, all at 52 week highs. I had never heard of SI or thought about waiting for a dip. I just wanted to get in the game. Over the past year GE and MSFT have done great. Intel and KO are flat. Why? Who knows. The moral of the story: You can't win if you don't enter. This story was brought to you by the leters J and T and the number 7. JT PS You read my mind. I need to diversify out of tech also. Drugs and Banks I think. My last attempt has left me a little gun shy. Bought Amgen on dip at 59. It is now 49. Oh well, you can't win 'em all.

To: Ann Janssen who wrote (16712)	1/28/1998 12:25:00 AM
From: TechnoWiz	Respond to of 27012

Hi Ann: I for one have gotten a lot of very useful knowledge and entertainment from dropping anchor on this thread from time to time. I would like to think of it as my home page as I have come to know and enjoy interacting with some of the many characters in this plot. I don't want to rain on your parade, but personally I would be very cautious buying MSFT or JNJ at these lofty levels. Although I am impressed by the markets resilience and improvement over recent days, I did point out some time ago that I thougt Intel was a pretty good buy in the low 70's high 60's area. And prior to this quite impressive breakout of recent days, I did put forward the idea that A. Intel has a tendency to go on a surprising upward tear periodically and B. The last time it did that, it origninated from the same general 70ish price level. No disrespect bu the time to be buying MSFT was when it was temporarily undervalued during the pre-xmas rout, ie. at the bottom or the trading range that has contained it for some time. Now we are approaching the top end of that range and whilst it may appear to be on the verge of a major breakout, which I would not rule out, it is a lot more vulnerable to a sudden price correction.

To: Ann Janssen who wrote (16712)	1/28/1998 1:00:00 AM
From: TechnoWiz	Read Replies (2) \| Respond to of 27012

Hi Ann: INTC & MSFT Continued. Sorry but I got cut off, here's the rest. I am sure by now everyone has read Franks opening remarks when logging on, where he expounds "The doctrine of this tread" which is to "buy and hold" and has until now, been "the winning strategy" during this unprecedented bull market of our generation. I believe the mantra of this thread should also be and for the most part is to buy dips, buy into weakness and gloom. This is particularly applicable to the favored (adored) stocks that are most often featured here, because these are stocks that you can buy on dips with the confidence and knowledge that their underlying fundamentals are strong and therefore when short term negative influences eventually evaporate or disappear, buyers will step back in and take advantage of these temporarily discounted prices, usually quite aggressively. I do believe that one should never be emotionally affected by a must have or buy at any price mentality as this can often result in a very expensive lesson in real time stock market experience. Zeroing in on the stocks you want to buy and waiting for the market to meet the price that YOU are willing based on your own ideas, valuations and expectations is a far superior formula for achieving both short and long term stock market success. Look, don't get me wrong, I am just about the biggest bull in the World on Microsoft and if it wasn't for Asia, Iraq and other uncertanties, I might just say buy at any price. You may remember some of my lengthy posts about how high and why this stock may eventually go and how rich Bill Gates may eventually become, (like the first Centi-Billionaire in history). Yet even he does not know whether he will make it this year, or before the year 2000 or 2010 if ever. But this is not the same peaceful stable World and insatiable appetite for stocks bull mania that existed between May and July of 1997. The reality is that we are facing potential imminent military action with Iraq and this is by no means a fait accompi. Nothing in war is ever certain and things could go badly wrong or escalate and despite the fact that this does not seem to be influencing the market today, that could change at any time. Personally, I do not like to go into any kind of potential conflict too long the market, until there is clear evidence that the worst is over, which usually the market signals first. The stock market can be a dangerous place but can also be a highly rewarding. Just ask the holders of WDC or Dell for a contrast in viewpoints. rgds Wiz