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

To: Stonehenge who wrote (18557)	3/20/1998 1:59:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Hi Stonehenge. Wow, the thread is dead. I came on to look at my stocks and notice that yours is the last post of the morning. And I have to run right after this. I hate to give advice on your Intc holdings at this time. I sold about 600 shares earlier this week to diversify a little out of the techs. Most of them are dead in the water right now. And then I go buy APM. I guess I am a die hard tech investor. Only Dell has been doing great and that has been coming down also. I sold those above mentioned shares of Intel at almost 77. I am just using it for trading purposes while I am waiting to buy it back. I did the same with my CPQ. I sold all of it at almost 34 (I put it on when I did it), bought 400 shares back at almost 30 and am waiting to buy the rest of my CPQ back also. I am sure that things will look up after the next qtr is over. But I am like you. I am still too heavily margined. I bought Alyd, WCOM, APM and TGO. I had bought TBR, Amgn, Infoseek and a cpl of other stocks and sold these at a profit. I am just trading a bit now while waiting for the techs to wake up. I had also bought some of the drillers within the last month and sold them again before they went down again. My only regret: I should have picked them up again for another trade. When I wrote you the post about Intel and CPQ and those possible target prices on the down side, I don't actually believe that this will happen. But who knows the way they are being talked down. You do have quite a bit more of Intel now than I have. I had to sell about 1000 shares last fall and then sold a cpl more in my IRA. My IRA was only Intel and PBI. I now added WCOM in exchange for some Intel. I had to sell some of my PBI to convert my Intcw. I should just have sold some of the warrants instead but hindsight is always great. Hm, if I had still that much Intel I think I would have bought some Bell Atlantic. When it was 100 analysts said it would go up about 25%. But now that has gone up with that British Telecom talk. WCOM is slated to go to 60 within a year and to 90 within 2 years. But Intel will probably be back before that. I think you mentioned NB. It has a target price of 80 now. If I can think of anything by Monday I will send you another post. I think today is a bad day for decisions with the triple witches and all. BTW, the whole thing with Intel depends on where you bought it at. If you bought most of it below 70, why worry. If you wanted to reduce your margin you could sell some of your Intel and just wait until it looks like it may turn around again. Sorry for not being too much help. But like I said: It is hard to give advice on that one. It depends on your portfolio also. Can you withstand some more down draft on Intel or would you have to sell if it went further down. I don't think it will make any difference within a year. Maybe someone else will give you some more musings on this. Techs are a hard place to be right now. It takes that intestinal fortitude you are talking about. gg. Sonny PS. Here is an article. Intel is still bullish. biz.yahoo.com