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

To: Frank Ellis Morris who wrote (20099)	7/10/1998 1:08:00 PM
From: Sonny McWilliams	Respond to of 27012

Frank. I have been running around getting ready for my trip to O.C. Today will be the last time I will be posting for about another week. Intel has been doing great for the last cpl of days and last time I looked it was up a fraction. There is some disturbing news out about PLAB who makes the equipment for the chips. It seems to be behind on updating that stuff and some analysts are thinking that may hurt the chip stocks again. Luckily Intel makes their own chips. I am not sure if they make all of them. Amzn. I bought and sold Amzn several times. Last time I bought in at 95 and rode it up and now down again. I am still holding Nscp, ZAP, Seek and 100 shares of Amzn which are still in the black despite that down turn. Yes, I did buy Amzn on margin. I have a margin account so no matter what I buy will be on margin unless I sell to the point where I only have my Equity left. That may happen down the road when the market will hit around 10.000. I may take some money off the table then. I have made money on my margin so no need to do anything about it now. Worst thing that can happen is that I will lose some of my profits I have with my margin. I pay 8% interest but have made almost 100% on Amzn alone in 6 weeks. And you know that LU and Dell have gone up also over 100% in the last year. Those 3 stocks alone will pay for my margin expense for some time to come. And hopefully the market will go to 10.000 soon. It does not look like it the last cpl of days. gg. Did I watch Amzn hour by hour? Lets put it this way. I had bought Amzn before the split at 90 about 6 weeks ago. It then split and I sold at 79 and 80. That was about 2 weeks ago. Yes, I did watch it almost hourly then. I had to run to the doctors a lot and decided to sell. I left a lot of money on the table since it then went to 140. But like I told you back then - health comes first. If I had the time of watching it more closely after it went to 80, that would have been nice. I generally check my stocks at the end of the day but try to keep up with the news during the day, when I can, in case I hear something interesting or bad about my stocks. This is also the way I get new ideas of buying new stocks. When I buy high or risky stocks, I will monitor them more closely since I buy risky stocks only for a trade. Here is a new article on ZAP. They are trying to make it big on the net. Maybe they will, maybe not. But it looks pretty cheap for what they are planning to do (some times you have to take a little risk) and I bought 500 shares at 15. If you are still holding Mo. It looks like a settlement is on the books again. Anyhow, you have a nice weekend and I will talk to you in a little more than one week. Sonny