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Technology Stocks : INTEL TRADER

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To: Jurgen Trautmann who wrote (3380)	8/5/1998 1:30:00 AM
From: Berney	Read Replies (3) of 11051

OUCH! While you were shorting PG, I had 20% of the portfolio long PG. Am travelling and don't have access to my computer at this moment. Since I was going to be out of touch with the Market all afternoon yesterday, I had a decision to make -- Limit sale order or trailing stops. The Lady or the Tiger. I chose limit sale orders. The tiger has a smile. Fortunately, the PG went out at 78 1/2. Alas, about 60% of the portfolio was hit with the full force and effect of this storm. I spent about 1 1/2 hrs making that decision this morning. Sure seemed like the right decision at the time. But, with GE breaking its trend, I'll be going to cash very quickly. I just don't operate well in this environment and will wait for the dust to settle. When it's raining pitchforks, it's time to get out of the rain! Got a 14 hr drive ahead of me tomorrow. I'll check back in Thurs, if the world hasn't been obliterated by a meteor before then. Berney

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