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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (9371)11/3/1997 9:18:00 AM
From: Trader X  Read Replies (3) of 17305
 
*KH*-- You've definately thought this out.

I hope you're right on the timing aspect now. Your prospects seem much brighter now than 4 weeks ago -- seasonal strength and the current oversold conditions withstanding.

Personally, I'm eager to go long CYMI near $23 and CFMT under $20.
As I noted in a post last Tuesday, all of the stocks in this sector are at attractive valuations, even with lowered earnings projections. I also noted that they are all currently in downtrends, so any play at this time has to be considered speculative bottom-picking. I'd put close stops under any purchaces, in case of another meltdown.

It's a good day to go long.

&copyLastChanceForGas
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