Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 13.58

-1.3%

Nov 14 9:30 AM EST

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To: marvin friedman who wrote (87)	7/1/1997 8:47:00 PM
From: MarcG	of 586

Marvin Hi, I'm a trader so my objectives may be different from yours. I've followed ARX a very long time, many years. I've even visited their headquarters on Long Island. Fundamentally, the company now seems to be in the best position I've ever seen it. This is a factor in my trading decision, but there are many. For example, I bought ARX Friday at 4 13/16 and sold yesterday at 5. I bought this morning at 5 1/8 and sold 10 % at 5 3/16 and the rest at 5 1/16. As you can tell from my trades, I don't stay in them very long especially if they go negative on me. There are so many stocks, so many trades, that the last thing I want is a losing trade. So I cut them super fast without thinking twice. My comment about your post is this. If I was in your shoes or anybodyelses', I would never average down (buy the same stock lower to lower my cost). I would wait to see more strength in the stock and then buy. If you think this stock can go to 10, it's worth taking some of the risk out of your investment by paying a bit more. Good luck. MG

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