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To: MichaelW who wrote (75578)	10/29/1998 12:43:00 PM
From: T L Comiskey	Respond to of 176388

All INTC has moved through 90.... let see if it holds

To: MichaelW who wrote (75578)	10/29/1998 12:50:00 PM
From: Kayaker	Respond to of 176388

It makes sense to sell if we're traders, but what about investors? I guess investors should go play golf tomorrow. :-) Seriously though, John's feel for the market has been rather good. It doesn't mean I'll be necessarily selling, but I will be paying close attention. I'd love another buying opportunity prior to Nov 12.

To: MichaelW who wrote (75578)	10/30/1998
From: nihil	Respond to of 176388

RE: What if we are investors It is a rule that investors never sell until a downtrend has been confirmed by the stock falling to zero, for fear of "selling too early." If they took any precautions to protect against loss, they would not be "investors", they would be "traders". This accounts for the success of buy-and-hold investors. Those who sold, or who rode a stock all the way down are either dead or broke. Only those who bought GE at 15 cents (split adjusted) in 1886 and held all of it during the 1906 Panic, Great Crash, and Oct 19, 1987 can really be considered investors. Gordon Moore, who founded and bought stock in Intel in 1968 (at 1 cent sa) and made $8 billion dollars has sold all but 80 shares (which I suppose he keeps for sentimental reasons as a beer doily). I just moved him from my list of Intel investors to my list of Intel traders.