To: Frank Ellis Morris who wrote (21689 ) 12/4/1998 12:19:00 PM From: Sonny McWilliams Read Replies (1) | Respond to of 27012
Hello Frank. Yes, Dell, LU, Intel, WCOM etc. are all good internet companies. Like I mentioned to you yesterday: It's not worth losing sleep over making money. So, your decision of dropping your AOL was sound. It's still below where you have sold it. But let's talk about it again in 1 year from now. Now, as far as your opinion about margin is concerned, I can't go along with that. Yes, it should not be overdone but the pie in the sky theory DEFINITELY does NOT apply. If everyone would go with that theory, you probably would have no way to make money in stocks. Just think about it. You believe that borrowing 5000 dollars at 8% or less to make money down the road, is not a sound practice. If every business man would think that way there would be NO BANKS, NO COMPANIES to buy stocks in and probably not a good life for all of us. Someone has to take a gamble and go borrow money to start businesses. So I look at borrowing some money for buying stocks as a good business practice. But I DEF. do NOT advocate it. Every one has a different risk level. YOU took the risk to go into the Music business. YOU probably could have lost more money there than to borrow 5000 dollars to buy AOL. gg. Like I said: Everyone has a different risk tolerance. I buy on margin but don't do options. I don't like the idea that I can lose All of my money. If a stock I buy on margin goes down, I can hold on to it until it maybe recovers. Or at times I take a little gamble and get burned and then I offset it with gains. That's why we have a stock form of Losses and Gains when we file our income tax returns. gg. Well, anyhow, you are a care free man again now and can enjoy our beautiful weather around here. gg. The market looks good at this point and Intel, LU etc. are on a tear. Sonny