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Technology Stocks : Oak Technology (OAKT)
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To: craig luplow who wrote (3515)11/8/1997 11:09:00 AM
From: gregor  Read Replies (2) of 4335
 
Dear Craig:

I noticed that you trade this stock ( 4X this year ).

I also have traded it 3X's this year;and last year. The first time I got in around 8 + sold at 14 +, then 9+ to 12 + and last 9 + to 11 +.

The point I am trying top make is that it is becoming harder to trade. Personally I like to trade stocks that I either have a strong positive or negative bias toward, in this case a positive bias toward Oak.. Then when I feel it has dropped I feel that the rubber band effect will snap it back quickly, however over time the elasticity of the response seems to become less pronounced..I did the same this year with COL on the downside.

However now I am starting to consider Oak as a core holding...Do you intend to trade it a time or two more and risk the breakout that will eventually happen to this excellent company......gregor
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