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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (27957)	7/6/1998 9:45:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 33344

AMD had more book value in 96 than she does now, I don't have the exact figures any longer but her book was a tad over $18 back then. And she dropped lower than 10.25 , but that was the cheapest I bought her . Actually my average wound up being about 12.5, I transposed my low buy with my average in that last post. I did sweat blood at the time, just about every one said I was nuts, even my broker. But I was determined, & each time I bought I doubled up, I had one piece of info that most others wouldn't believe. It had to do with who else was buying her. I can remember at the end calculating how if I wrote puts I could take on more and use the put money to reduce my cost if it dropped again. Then when she started up how all the intel freaks couldn't swallow their pride, and kept going on and on, even though in the next 6 months AMD over doubled INTC gains percentage wise.. but not only that, I had a hell of a lot more of her than I could have bought had I went intc. ( almost 3 times as much ) But the moral is ( if there is one ) unless the reason you bought the stock changes, then don't toss in the towel because of what you hear on the internet. If it was a good buy at 18 it's a better buy at 10, unless something changes other than the price. Jim Who was buying her when she did that big fall, "the little Taiwanese back door box shops had a sort of bicycle trail to various brokers" They didn't use the intel inside, to sell boxes. They used AMDs & cut prices, and it's mostly thanks to them P.C.s don't cost you an arm and a leg. The swing to Cyrix came slowly because when IBM had Cyrix it came with a bug in it, and it took time for it to live that down. Jim