Re: Why is Lou selling some shares

[MacWheel99@xxxxxxx]

You are referring to Al Barsa not Al Mac

I just checked the stock account that my IBM stock is in.
Its current value is $ 49.4 K ... a year ago it was $ 37.1 k
which was after I took a bath in SSA stock
... it was a good bit healthier 2 years ago

My IBM stock is currently valued at almost 4 times what I paid for it.
My MICROSOFT stock is valued over 5 times what I paid for it ... There was a
time that a million people, whose judgement I questioned, went out & bought
the latest version of Windows & I thought that might be a good time to buy
Microsoft stock.
My INTEL stock is valued at over 10 times what I paid for it, and has a good
price right now to pick up some more.
My MOTOROLA stock seems to be headed in a direction paralleling SSA.

My strategy here is to buy into companies that are the building blocks of
technology, rather than the individuals on the pyramid that might slide off,
and try to divide it between hardware & software.
The reason I bought SSA was that they seemed to be taking Y2K seriously at a
time that much of the industry was still in denial & I was expecting a much
bigger slide than actually happened, so I was investing in what I thought
would be Y2K survivors.

>  A coworker here has told me that Lou is retiring in March and Palmisano is
>  taking over.  I've been looking for news.  Here are some old links:
>  http://www.itworld.com/Career/2021/NWW010514120694/
>  http://www.internetnews.com/bus-news/article/0,,3_760841,00.html
>
>  No comments from Al?  Wasn't he the one who advised to sell short when Lou
>  leaves?  Maybe he is trying to unload his shares before everything tumbles.
>
>
>  Rob Berendt


MacWheel99@aol.com (Alister Wm Macintyre) (Al Mac)
BPCS 405 CD Manager / Programmer @ Global Wire Technologies Incorporated
http://www.globalwiretechnologies.com = new name same quality wire
engineering company: fax # 812-424-6838