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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (3494)	8/18/1998 2:37:00 AM
From: Berney	of 11051

DJ, The Trend is One's Friend! The most important numbers are the long-term trend numbers. The first week & a half of July, I was clipping along at a substantial 3 digit annual return. Buying DIS and others at the lower range and letting them run worked great. I didn't appreciate the nature of the change that took place in Mid-July. It's not a lot of fun to buy 'um at the lower part of the range and watch them break the long-term support levels. I ended July only matching the Index 1% loss for the month. Disgusting for the anount of effort expended. As I considered the errors, it involved an emotional attachment to the Buy decision. I've come to appreciate that if the stock does not move in my direction, sell it, as whatever I though about trends and support was not working at this time with this stock. It all comes back to money management! As I noted before, only 17 of the 71 Big Boyz are positive from 6/26 to last Friday. Tough to play buy and hold in that kind of environment. Bottom line is that when BAMBI reflects a bullish trend in place, let them run; but when it reflects a bearish trend, accept what the Market gives you and scalp them! Musing from the swamp! Berney

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