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Non-Tech : Invest / LTD

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To: JHR who wrote (12767)	3/31/2000 6:18:00 PM
From: Thean	Read Replies (1) of 14427

JHR, I am staying put on ANST. The current sharp downturn not only did not affect ANST but it was rising until today. In this sharp downturn market, many people are selling indiscriminately in part due to margin calls. When such a force plays a major role, we have the phenomenon of "selling gainers to pay losers". I think ANST today went down because of this "profit taking" phenomenon. I would want to at least hold through earning for ANST knowing that it is going to be good and this quarter is likely to give the stock new visibility as the software play of the wireless internet theme. I switched out of the VLNC I bought two days ago at 22 at 23 7/8 (my limit sell triggered) and managed to get into MERQ at 79 at the last second of trading today. Hopefully I will get to enjoy some smooth ride on MERQ. Also sold another put today on HLIT. Got 9 1/2 for April 80! $79 was my HLIT support at close and $75 intraday. HLIT also got exactly a 50% haircut from its high today. I believe entering HLIT here at 80 is as conservative as it gets for an optical play. siliconinvestor.com If yesterday was the bottom, we should continue to march on higher on Monday (although I don't expect another 100 pt gain as many have to sell to settle margin calls). Notice that the old econ stocks were heading down while the beaten down techs staged a turnaround this afternoon. I think this is pretty good indication of yet another massive money flow switching side at work <GG>. We need a good TA confirmation to ensure today is not another fakeout. A positive for the techs is that the window dressing BS is done. Really don't think the mo-mo demon is going to forfeit this tech earning (starts the week following next) to create another push at the new econ stocks. OPMR - I think OPMR is as neutral as it gets when it comes to new econ/old econ argument. Win-win either way. VLNC - I have total faith in VLNC. It will come back. ONT - now that it has broken below previous support at $18, I am getting interested in it again. Will say more about it later. PHCM - was one of the biggest loser yesterday and today it was one of the biggest winner in the WAP space. Its leadership position is reaffirmed. DIO - missed the chance to get it under $35 but I have my hands full. SAGI - fulfilled the 50% haircut from its high achieved only last month. Almost every TA department says it has bottomed short term. Watch this closely as the "relatively cheapest" FPD play. ADAP - came very close to hitting the 45 support today intraday and it also bounced off nicely. Another 50% haircut stock. It splitted 2:1 this morning.

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