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Technology Stocks : Comdisco, Inc. (NYSE: CDO)

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To: KevRupert who wrote (610)10/13/2000 9:17:34 PM
From: Bosco  Read Replies (1) of 689
 
Hi ad - sometimes, facing the music is the best medicine --- and hopefully a vaccine against future foolishness [but having fallen into the trap times and again yr after yr and decade after decade, I really suspect this old dog probably doesn't know how to learn new tricks.] Anyway, I saw distributions continued this morning, so I sold down to just holding a single position now. Hindsight said I should ve done so while I was in the black or at least 20% below cost, not 50%! But hindsight doesn't help to pay off margin :)!

Granted that today rebound is deceptively weak, since A/D issues and Hi/Lo ratio do not confirm the breadth of the rally, weaklings should be the ones to be trimmed.

I am still holding some CDO, but I do not think there is any significant catalyst in the LT. The best she can do ST is to maintain the current level until selling is exhausted.

best, Bosco
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