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Strategies & Market Trends : The picks

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To: steve susko who wrote (3726)	2/3/1997 4:55:00 PM
From: Andrew Vance	of 6124

AV--Market Correction No action will be taken on the CONSERVATIVE. I am willing to ride out all storms with these. Too much capital gains to bail out. Approximately 65% of the SEMIS stocks (not $$ value) are on screen by brokers with orders to sell at some pull back threshold prices. ALL of the MISC is at 100% risk with no plans in effect to stop losses. I fully control these stocks on my ability/agility. I can't afford to touch my largest holdings since the sale of these stocks at current prices would be equivalent to a ~40% drop in price (capital gains vs market correction). I would rather have the paper reduction in value and have the shares than to part with shares and pay the capital gains.

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