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


To: Luis who wrote (17893)2/26/1998 3:32:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Luis. I did not mean for you to sell shares for the sake of selling. I thought you could do a little trading. I am not trading much because I have not gone online yet. Waterhouse, E-trade, Ameritrade and Suretrade are very cheap brokers. You can get them also as a regular broker where you have to pay only about 25 for up to 5K shares. All I meant is if you have so many shares you could trade some of them instead of just riding things up and down. You don't have to trade daily but here and there for some extra income. You will need the profit to be able to deduct the interest on your 20% margin. It was just a thought and don't do it if you are not comfortable with it. Buy and hold is always a good strategy with good stocks.

Sonny



To: Luis who wrote (17893)2/26/1998 4:23:00 PM
From: Ann Janssen  Read Replies (3) | Respond to of 27012
 
Luis,

I won't advocate selling your stock either, but why do you think you need to sell them to move them to another broker?? Just request your current broker register them in your name, instead of street name as I'm sure there registered now. If they are paid for you can have the clearing house, Harris trust for intel, issue the shares to you. The broker can also issue your shares directly to you. I have all my Intel shares in my name because I participate in their dividend re-investment program (DRIP). I have some shares (actual certificates)in safe keeping at the brokerage and some shares that have actually never been issued (printed up) but are in my name at the broker.

I would also think your broker would have to transfer your shares to another broker, if you requested, without making you sell them. If not, you could take the actual certificate and mail it to the new broker. Remember to insure it and use registered mail when sending it.

Your old broker may not be very happy with you for pulling them out of you account that way but it works.

I would call Harris and ask their advice, they will be more than happy to help you. Their number is 1-800-298-0146, listen to the prompts and get a real person on the phone.

If you are intending to hold on to them also ask for some info about their DRIP, Intels is one of the best around.

Hope this helps, but PLEASE talk to Harris so that you know your rights as a shareholder.

Take Care

Ann

P.S. Good luck and Let us know what happens.