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Technology Stocks : California Micro Devices

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To: Elvis Jones who wrote (9)	8/6/1996 9:49:00 AM
From: Ken Peterson	of 168

I am no longer in CAMD. I do watch it daily though. I sold out on the last runup, but I didn't wait for the top unfortunately. The reason I sold was because the last earnings outlook report from the company was not optimistic and in the semi arena lately that has been the death blow. I sold when I did because of the chart. If you look at the 100 day chart, take a look at the 3-4 days following a full red bar (closing at the daily low). You would have made money on a short about 80% of the time. It seems to trend well in both directions, but the short direction seems safer to me. Since the last runup was overdone in my opinion, I turned around and shorted the day after it peaked and closed at the daily low. It seemed like a safe bet to me, and I was fortunate enough to profit a little bit. My CAMD money is in TLTK now. CAMDs future seems unclear to me now, I feel like I can see better into the future in other stocks. I think the guys from Infrastructure keep their eyes on this one (Ron and Carl - www.infrastructure.com). Maybe they could comment. Sorry it took so long to get back to you, I don't have much time for research anymore. They put me to work here at CSCO. Good luck Duke. --Ken

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